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2017/18 Year End Checklist for Business

2017/18 Year End Checklist for Business

Many of our business clients like to review their tax position at the end of the income year and evaluate any year-end strategies that may be available to legitimately reduce their tax.   Traditionally, year-end tax planning for small businesses is based around two simple concepts – i.e., accelerating business deductions and deferring income.

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2017/18 Year End Checklist for Business

Use Key Performance Indicators to Succeed in Business

Do you use Key Performance Indicators, or KPIs to help measure the success of your business? If not, how do you record the areas of business to improve on?

Debt/equity ratio and gross profit percentage are all ways in which we can measure the success of a business. KPIs will be different for each business, however the methodology is the same when it comes to setting them. The most important part about setting business KPIs is being strategic. Some results on their own may not be as effective as comparing multiple outcomes to get an idea of the bigger picture.

Here are some tips to creating KPIs to help measure the success of your business and in turn make better strategic decisions.

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Use Key Performance Indicators to Succeed in Business | Aspect Accountants Leederville

Meet Ben

Meet Ben from Aspect Accounting West Perth! Ben assists clients in getting their lodgements up to date, and planning for the new financial year.

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Meet Ben | Aspect Accounting West Perth