This article, written for NDIS business owners from a business advisor’s perspective, outlines key strategies for measuring business performance. It covers financial performance metrics, service quality metrics, operational efficiency, compliance, risk management, growth, innovation indicators, and the importance of seeking professional advice. The focus is on providing a comprehensive approach to evaluating both the financial and service-oriented aspects of an NDIS business.

This article, written for business owners from a business accountant’s perspective, explains the various tax consequences associated with selling a business. It covers Capital Gains Tax, small business CGT concessions, GST considerations, income tax implications, employee entitlements, handling business debt, record keeping, reporting requirements, and the importance of seeking professional advice. The focus is on guiding business owners through the complex tax landscape associated with business sales.

This article, intended for business owners, explains the nuances of the Superannuation Guarantee (SG) in the context of contractor relationships. It covers the basics of SG, the circumstances under which contractors may be eligible for SG contributions, the definition of ‘primarily for labor’, administrative considerations, potential penalties for non-compliance, and the importance of professional advice. The focus is on helping business owners understand and navigate their superannuation obligations to contractors.

This article, written for business owners from a business advisor’s perspective, discusses the various types of intellectual property assets, including trademarks, patents, copyrights, trade secrets, and design rights. It emphasizes the importance of identifying, valuing, and protecting these assets, highlighting their role in enhancing business value and competitive advantage. The article also addresses common challenges in IP management, underscoring the need for strategic planning and professional advice in this area.

This article, intended for business owners and written from an accountant’s perspective, explains the concept of a franking account and its role in the dividend imputation system in Australia. It covers the purpose of the account, how it works, the significance of franking credits, managing the account balance, tax reporting, compliance, and strategic considerations for business owners. Understanding franking accounts is key for business owners to manage dividends and maximise financial benefits for their company and shareholders.