Thursday 21 February: MYOB today released its financial results for the full year ending 31 December 2018, reporting 229,000 new online subscribers, or a 57% increase, in the 12 months to reach a total of 628,000 online subscribers, strengthening its leadership position and remaining on track to reach 1 million online subscribers by 2020.
MYOB is ready to hit go on a $10 Single Touch Payroll (STP) solution for businesses with four employees or less, should the Federal Government’s STP legislation pass. The legislative change would mean 749,000* Australian businesses that employ 19 people or less will be legally obliged to submit their payroll data to the ATO from 1 July.
MYOB today announced the beta phase of its new cloud compliance workflow, inviting accountants to sign up for the beta trial program. The intelligent workflow system will reduce rekeying of data and clicks, for example from 24 to four for one common task.