Blog
View a selection of articles and blog posts by Trak Accounting.
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 »
The 2015 budget has signalled two key points from the Federal Government. Firstly, a clear intention to reduce our budget deficit from over $40 billion to $6.9 billion over the next 4 years. The means less debt for Australia and a stronger credit rating which keeps our country in a very healthy position compared toRead More »
Are you claiming absolutely everything you possibly can, for your business’s tax deductions, to reduce your tax liability and keep as much cash flow accessible as you can? Not sure? Download our free checklist to find out.
Do you assess your tax position well before the end of financial year? If you don’t you are missing out on a great opportunity to reduce your tax liability, add value to your business and generally have a better understanding of your business’s situation. Better business owners that want to grow their business take theRead More »
Are you a property investor, or considering becoming one? Do you understand negative gearing, positive gearing and depreciation? If not, this post is for you. These are some of the basic terms about property investment that you must understand and give consideration to when deciding to invest or evaluating your current investment. Negative gearing NegativeRead More »
