Blog
View a selection of articles and blog posts by Trak Accounting.
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 »
Are you in the building and construction industry? Do you know that you need to report detailed information to the ATO about all the building and construction contractors you have paid each year? No? Well read on…. I’ve noticed that many business owners in the building and construction industry are not yet aware that theyRead More »