Blog
View a selection of articles and blog posts by Trak Accounting.
Paulette McCormack Fresh HR Insights If you can prove that a redundancy is genuine, you will have access to the genuine redundancy exemption. Definition: Genuine Redundancy Exemption The genuine redundancy exemption is when employers are exempt from unfair dismissal laws because the dismissal was a genuine redundancy. Under the FW Act, a genuine redundancy willRead More »
With the close of the 2015/16 Financial Year and the Coalition forming government for another term, we thought it an ideal time to take a look at what the recent budget means for small business and individuals. Key changes for individuals The second-highest marginal tax bracket threshold has been increased from $80,001 to $87,001 toRead More »
Many business owners have the idea that organisational charts and structures are for big businesses. After all, small businesses know who’s in the organisation – where’s the need for a formal structure? But setting up an organisational chart doesn’t just designate who works there; it also gives everyone a basic understanding of each person’s role,Read More »
Many business owners have the idea that organisational charts and structures are for big businesses. After all, small businesses know who’s in the organisation – where’s the need for a formal structure? But setting up an organisational chart doesn’t just designate who works there; it also gives everyone a basic understanding of each person’s role,Read More »
If you’re an employer, you should be aware that your business must pay 9.5% on top of each employee’s wage into their superannuation fund. This must be paid at least quarterly – and this quarter’s super payments are now due. Why super payments must be made regularly The rules around mandatory employer superannuation contributions haveRead More »
1. Early penning of goals, mission, vision and objectives The best CEOs I know often sit very early with a pen and paper and write the fundamental goals and objectives that they expect to get from their business. They’ll go so far as writing a very simple profit and loss, which will act as theRead More »
