Step 9 of Building a Better Business
January 1, 2022
Step 9 of building a better business
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Monitor your progress to reach your targets
When you are driving, there are certain things on your dashboard that you keep an eye on - your speed, your fuel level, and the engine's temperature.
It should be the same in your business. You should have a business dashboard with 3-5 key things you're monitoring regularly.
Use this four-step process to create your own dashboard:
Running a business from home—whether as a sole trader, freelancer, or small operator—has many perks. But when it comes to selling your home and potentially saving on tax, recent guidance from the ATO serves as a reality check.
The stakes are high, and now the Tax Ombudsman is getting involved.
Self managed superannuation funds (SMSFs) can offer significant flexibility, allowing the members to make investments and enter arrangements that may not be available through retail or industry superannuation funds. However, However, being an SMSF trustee does come with important responsibilities to ensure that all dealings comply with superannuation law.
