SQL Server 2014 Management Studio Backup error
Change your Backup command to something like this

BACKUP DATABASE MyDB 
TO DISK = N'D:\MyDB.bak' 
WITH INIT, NOUNLOAD,  
     NAME = N'MyDB backup', STATS = 10, FORMAT


Notice the FORMAT at the end.

This should do it. You're changing NOFORMAT to FORMAT and remove NOSKIP