Blog

Capital gains tax is a tax on the ‘profit’ from having decided to buy, and later sell an investment. If you don’t make a gain, then there’s no tax to pay, and potentially the loss you made has to be held on record in your tax return. The way capital gains works for individuals isRead More »

Tax planning has been around for a long time amongst accountants, as a tool to put businesses in the best possible financial position prior to the end of the financial year, but for one reason or another it is rarely offered to small businesses. We see tax planning as an essential tool for our business clients.Read More »

Introduction to property investment: an informative seminar by local accounting, finance and legal professionals. Hosted by Trak Accountants We have been talking about a seminar series for some time now, so we’re really pleased to be kicking it off with this seminar. One of the most exciting things about this seminar is that we’ve been able to secureRead More »

To make super payments and compliance more streamlined and efficient, the ATO created the SuperStream model some time ago. The idea is to make all Superannuation reporting uniform and electronic, which will eventually make the entire process much easier for employers and superfunds. The ATO has provided a transition period to allow businesses to getRead More »

At 47% tax in the dollar it definitely pays to know if your business should be paying fringe benefit tax (FBT) or not. The FBT year runs from 1 April to 31 March, so now is the time to assess your business’s FBT status. It is quite common for businesses to be caught out inRead More »

Is your business thriving, but you struggle to maintain positive cash flow? Many businesses operate with good fundamentals but constantly have trouble with creditors. This is commonly caused by a heavy load of customers owning money, such as construction companies who can only charge at milestones. Payment can be particularly slow, especially if a bankRead More »