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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The start of the new financial year is the perfect time to take a step back from your business to assess how it’s going and make any necessary adjustments. But when you’re engrossed in the day-to-day running of your business, it can be hard to know where to begin. We’ve outlined the steps you should
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Getting the right software can be a game-changer for your business. If you get it right, it can make a big difference to your bottom line by greatly improving the productivity of your staff. However, getting it wrong can be costly both in terms of the money and time wasted. So how do you avoid
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The Federal Treasurer has presented the 2017 Budget to parliament and, amid all the hype, it can be confusing to know how it may impact your business. We’ve outlined the most important aspects of the proposed changes as we see them potentially affecting SMEs. National Partnership on Regulatory Reform (NPRR) The Federal Government has committed
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As a small business owner, you probably don’t have the time or the budget to make big changes to improve your business. However, even minor changes can make a noticeable difference to your bottom line. Here are some of our best tips to help your business stay on track. Use the right tools. You wouldn’t
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Starting and running your own business can be tough which is probably why so many fail within the first few years. There are many missteps people make while establishing and running their business that can lead to failure. We’ve listed the top 10, in no particular order, so that you can learn from the business
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The accounting process as we know it today evolved from the work of an Italian friar, Luca Pacioli, who, in 1494 had a book, Summa de arithmetica, geometria, proportioni et proportionalita, published that set out the details of the double-entry bookkeeping system. While he was not the first to use this system, his book described
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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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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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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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