MYOB first to deliver tax update for the ninth consecutive year

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London, 22nd March 2005

MYOB today announced that it is the first to deliver the annual updates for its tax software for the ninth successive year.

The seamless transfer from one tax year to another is absolutely crucial and as a result MYOB strives to get the updated software out to its customers as early as possible. With two full weeks to go until the end of the tax year, users of MYOB's PerTAX software will be able to get a head start on the 2005 tax season's returns.

The 2004/2005 tax year sees a number of changes in personal tax legislation including tax avoidance schemes being brought in to SA100 and the reintroduction of the 50% first year capital allowance for plant and machinery. In addition to complying with all changes in legislation, PerTAX has a number of enhancements in the new version including the ability to specify global settings for repayments which will reduce data entry time and the implementation of network authentication for higher security.

Anne Porter, Tax Product Manager, MYOB said 'MYOB are pleased to announce the release of PerTAX Version 10. This is the ninth successive year in which MYOB have been first to market with our Personal Tax April update. We appreciate that our customers are always very well prepared for the start of each tax year and therefore we like to ensure that we make the software available to them as soon as possible.'

About MYOB

MYOB is a global provider of solutions that liberate business owners and accountants from the burden of day to day administration, empowering them to achieve business success.

MYOB develops and delivers award-winning software, services and support for more than 500,000 businesses and over 10,000 accounting practices worldwide.MYOB also works directly with accounting practices to streamline their processes and maximise their productivity. MYOB solutions are used by leading accounting practices from tax agents and sole practitioners to the 'Big 4' firms.Through its understanding and partnership with both business owners and accountants, MYOB strives to further enhance the links between them for their mutual benefit.MYOB Limited is a public company listed on the Australian Stock Exchange (ASX symbol 'MYO').

ContactDenise Duffy
T : +44 (0) 208 799 0272
E: [email protected])

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