Kellie Byrnes

Dec 3, 2024 | myob.com | Kellie Byrnes

How’s the sole trader life treating you? Whether you’re a landscaper, a massage therapist, a wedding planner or a personal trainer, this time of year can be a lot. You’re dealing with the end-of-year rush, chasing up invoices before the holidays, and managing all the day-to-day jobs that come with running a business on your own. While business owners are busy by definition, there are ways to minimise the stress and the scramble. And as we head into 2025, we’re sharing some of our best tips.

Dec 3, 2024 | myob.com | Kellie Byrnes

In today’s digital age, cyber threats are a growing concern for businesses of all sizes. Small and medium Enterprises (SMEs) are particularly vulnerable due to limited resources and expertise in cyber security. The Annual Cyber Threat Report 2023–2024 by the Australian Signals Directorate (ASD) provides valuable insights into the current cyber threat landscape and offers practical advice for SMEs to enhance their cyber security posture.

Nov 26, 2024 | myob.com | Kellie Byrnes

Getting set up as a sole trader is fairly simple. Open a bank account, sort things out with the tax department, and you’re off. But then comes the part where you have to start running the business. And yeah … there’s a bit more to it than that. Here’s what you need to know.  Get clear on what you want You’re a sole trader, but like, why? Maybe you see it as a way of making more money, having more free time or turning a passion into a career.

Nov 26, 2024 | myob.com | Kellie Byrnes

You’ve gone solo. Noice. You’re also probably well beyond the basics of, like, opening a bank account and getting paid. So … what next? Glad you asked. We’ve gathered the best tips from other sole traders, so you can start following in their growth footsteps. When it’s just you making the rules, it’s pretty easy to break them. Maybe you kickstart a project before getting the deposit or signed order form in or bust a gut to meet unrealistic timelines.

Nov 21, 2024 | myob.com | Kellie Byrnes |Martin Longley

From late November 2024, New Zealand banks are launching a new service called Confirmation of Payee (CoP). The service is designed to provide added security and accuracy for online and mobile banking account to account payments. It will help reduce mistakes and scams by enabling customers to check the intended recipient’s name and account before making a payment. In this guide, we’ll break down how CoP works, the benefits it brings, and what you need to know to make sure you get paid without delay.