April 2014 Newsletter 

In this edition:

Welcome

Important changes for employers contributing to SMSFs from 1 July 2014

How MYOB Cloud Solutions can help improve your business

Superannuation thresholds for 2014/15

Changes to the fees for aged care from 1 July 2014: the fees are going UP!

One of the greatest opportunities available to businesses today is to take advantage of the power of the cloud. What's the cloud? In simple terms, it's a secure part of the internet where businesses can safely store their data.

MYOB's latest accounting solutions give you the freedom to access your live business data anywhere, anytime via the internet.

With MYOB's new cloud accounting solutions you can:

Save up to 10 hours a month

Research shows that businesses using MYOB products with automated bank feeds are saving on average 10 hours a month – a figure they equate to around $700. Add to this the time saved by being able to work anywhere, anytime and to collaborate with colleagues and business advisors, and you have the recipe for a better business environment.

Make better business decisions based on real-time financial information

Entering data at the end of the week or month only gives you a view of the past. With online accounting, you can have a daily view of how much is in the bank, your expenses, and who owes you money. So you get better decisions based on accurate data.

Meet all the tax office requirements for the 2014/15 financial year

Tax laws are constantly changing. With up-to-date accounting software, you can record all the information we need to help you meet your reporting requirements for GST and other levies and rebates. All product updates are included in your subscription.

Let us help you more

With MYOB cloud solutions, you can share your company file with us. This eliminates the need to bring your file in on a USB stick or CD.

That last point is very important. It means we have visibility of your accounts throughout the year - not just at year-end. This ensures improved data accuracy, eliminates delays at key compliance times, and helps us to provide timely financial advice to you.

The other feature we like is the automatic bank feeds. This ensures all your transactions, like the payments you make and the payments you receive are securely transferred from your bank accounts into AccountRight for you – saving you loads of time in data entry.

Want to learn more about how an MYOB cloud solution might improve how you manage your business accounts?

MYOB INFORMATION NIGHT - presented by MYOB and Goodwin Chivas

We would like to invite you to a free information night presented by an MYOB specialist.

The presentation will cover the new 'cloud' technology available from MYOB and how your business can save time and money through its advantages, such as:

• Bank feeds – have your bank statements feed directly into the new MYOB software, having to code all of your hard copy transactions is a thing of the past, this will save you hours per month!
• Anywhere access – you can access your accounts on any internet connected PC anywhere, anytime.
• Use your smartphone to create invoices on job sites and allows you to take payment immediately from job sites, so you don't have to chase up customers.
• Allows Goodwin Chivas & Co to access the file 'Live' with you, so we can assist with fixing the accounts, do tax planning and ensure compliance is accurate.
• Learn about the new features and exciting technology that will work with MYOB to give your business a real advantage.

We would like you to take advantage of this wonderful opportunity. Please call Goodwin Chivas on (02) 9899 3044 or email us to register your interest for this free information session. We will be in contact regarding timing of sessions once your interest has been registered.

Thank you - we look forward to seeing you there.