A company is a separate legal entity with its own rights and obligations. Company assets, liabilities, income and expenses belong to the company entity, not to the individual directors. Directors are bound by certain rules that govern your behaviour. You must carry out your duties as a director in good faith, in the interests of
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At TrackMyNumbers, we love bookkeeping. We think it’s great to be able to help business owners and managers run their business more efficiently. But you may not understand all of the ways we can help you focus on growing your business. Keeping on top of your compliance obligations. Bookkeepers are always on top of the
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We’re pleased to announce that we have been included in Hubdoc‘s Top 50 Cloud Accountants of 2016 (Australia). It’s a list of “bright and inspiring” accounting professionals who are driving the crusade to bring cloud automation to small and medium businesses everywhere. If you would like to learn more about the benefits of using the
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The new year is often a time to make resolutions around effecting improvements and being more organised. But sometimes you need to get some outside help to assist with making the necessary changes. The modern business environment is constantly shifting, more so now than ever before. It is not only technological advances driving this change;
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Towards the end of 2016, the Australian Government passed legislation to make sweeping changes to the superannuation system. The stated aims of these changes are to make the system fairer and to save the government money. Following is a list of some of the key changes. For more information on how these changes may affect
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Changes to the amount of tax paid by working holiday makers (the so-called “backpackers’ tax”) were passed into legislation by the Australian Government last year and came into effect on 01 January 2017. So, what does this mean? If you employ staff who are working holiday makers and may be affected, read on. The first
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Starting a new business can be both an exciting and challenging time, even for the experienced businessperson. There are so many things to get in order, such as marketing, premises, staffing, equipment, etc. Getting all aspects of your business off on the right footing is ultra important, and your record-keeping is no exception. This is
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TrackMyNumbers is proud to announce that we are now certified as an ‘Advanced QBO Advisor’. What does this mean? We now have the most advanced available certification for QuickBooks Online, meaning we’re the most highly trained experts in the product. For you, this means we are able to give you the best advice on any QuickBooks product
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Cloud computing is where computer applications are hosted on a remote server and accessed via the internet. Chances are that you are already using cloud computing without even realising it. Do you check your bank account balance on your phone? Have you sent an email using your tablet? These are all done using the cloud.
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What happens in your business if more than one staff member does not show up for work? What would happen if you or a key member of staff couldn’t work for a day or even a week? Would your business be in trouble? Could others on the staff cover for them? Do you even know
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