Category: News

Superstream is a national, electronic superannuation payments system that replaces a number of other payment options that were available around Australia. With one consolidated solution for all employers, the ATO hopes to streamline superannuation payments and ensure that all employees get their entitlements as required by law. While large employers were required to get onRead More »

Trak Accountants is a dynamic firm that specialises in business accounting and advisory.  The firm is going into a growth phase due to a recent merger which will see us hold several practices within the next 12 months.  Our point of difference is that we seek to be genuinely proactive and to provide our clientsRead More »

Here at Trak we are focused on providing our clients the very best of tax, accounting and advisory services.  As the sole principal and director of Trak, my mission has been to work with our clients to minimise their tax liabilities, increase their net wealth and reduce the stress involved in operating business. As our firmRead More »

Just like in building a house, the foundation is a key component of building a strong, long-lasting business and a fundamental element of a business’s foundation is how it will be structured. Unfortunately, what with the stress and excitement of setting up a new business, the business structure is often chosen quickly, without much thoughtRead More »

A common question for businesses needing some work done is: should we employ a new person, or simply contract the workout? The answer isn’t a straight ‘yes’ or ‘no’, as it depends heavily on your business, the work to be done, and the person who might be doing the work. What’s the difference? Put veryRead More »

Tax planning can have some great benefits for any business, large or small. It involves evaluating the business’s current financial situation, estimating probable profit or loss for the next quarter, and drawing up strategies to minimise tax while maximising the value of the business. Save tax. The main objective in tax planning is to reduce the amountRead More »