Blog

View a selection of articles and blog posts by Trak Accounting.

How to Motivate Staff to Build Your Business
January 17, 2017
Use Off-Site Meetings to Motivate Staff A useful planning tool that has been growing in popularity over the last few years is the off-site meeting. Its basic premise is to take staff out of their usual environment (the office) during work hours, allow them to relax, and plan out the Read More »
Tools for Reviewing Business Direction for 2017
January 11, 2017
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 Read More »
15 Tips For Managing Post-Christmas Cash Flow
December 05, 2016
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 Read More »
Are Work Christmas Party Expenses a Tax Deduction?
December 01, 2016
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 Read More »
Personal Property Securities Register - Most Australian businesses are either at major risk or missing a huge opportunity and don’t even know it
October 15, 2016
More than 85 percent of small businesses have not used the federal government’s PPSR (Personal Property Security Register) since it was introduced in 2012 and many businesses have never even heard of the PPSR yet it affects the majority of businesses in some way. Read More »
Workplace Change - When is a Redundancy Genuine
October 11, 2016
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. Read More »
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