February 2019

Welcome to our February blog post. We've had a productive start to the year already, and we're hearing similar stories from our clients too. If you're trying something new this year, we'd love to hear from you on how those changes are going, and whether we can offer a wider look at their impacts and other potential tax opportunities.

Activity

MYOB INCITE Networking Event
MYOB is currently touring their national MYOB INCITE event and we had the opportunity to attend the Brisbane show last month. MYOB is an Australian multinational corporation and a leader in business management solutions and accounting software.

With 'Connected Practice' as this year's theme, a number of insightful presentations were delivered on simplifying workflow, adding more value for clients and the importance of the advisory relationship between businesses and their accountant. 

The takeaway message for business planning was: “When planning for change, first determine the true essence of what needs to be changed.” MYOB also talked about IBISWorld’s Accounting services industry report, which listed the most important services SMEs needed from their accountant:

• Business strategy
• Advice on financial future & growth opportunities
• Business analytics
• Technology & IT services
• Business planning

Interesting Articles

​Here's a selection of our favourite readings from January:
​
Business Insider Australia - 7  successful  Australian  executives  share  their  business  predictions  for  2019
AccountingWEB - 4 Tips for Handling Needy Clients
The Economist - What can a Big Mac tell us about the global economy?
Business Insider Australia - The CEO who took over Burger King at age 32 learned that any major problem at work usually boils down to one of 3 reasons
MONEY Magazine - The History of Coupons