Blog
View a selection of articles and blog posts by Trak Accounting.
As the economic landscape changes, it’s important to regularly review your business plan to discover whether it still works for your business given the internal and external changes that are bound to have occurred. The start of the year is a great time to review your business’s direction and goals. We’ve put together a listRead More »
For small businesses, other than the retail and tourism sectors, Christmas can really test the cash flow. Not only because we’re constantly spending on presents, food, festivities and holidays, but also because work slows down for a lot of industries round mid December and doesn’t start to pick up until February/March the following year. IsRead More »
In general, no! You can’t use expenses from entertainment as an income tax deduction. There are some exceptions, mostly around food expenses for meal allowances and incidentals relating to business travel and overtime etc., but otherwise entertainment, even specifically for business purposes, is not deductible unless you decide to classify the expense as a fringe benefit. ‘Entertainment’ accordingRead More »
Suzanne comes with a depth of experience in office administration and support in the tax and accounting industry, especially public practice. She is one of those individuals who just knows how to deal with so many elements of compliance and governance related matters, so she really brings excellent value to our team. For our clients,Read More »
Today we’ve brought in a guest blogger – Melanie Brennan from BlueBee Social. She’s an expert in managing social media for businesses, and she has some great tips for keeping your small business’ social media activity on-track and effective. 1. Be where your customers are There’s no point spending time, effort and money on developingRead More »
Here’s what you can do to generate higher profits in your business today – for very little outlay and some creative thinking. This article has been written with the intention of triggering you’re creative brain, remember that if any of the points stand out more than others then they are your starting point. Once youRead More »
