We haven’t visit the Business Plans series in a while so let’s get back to it with a look at imports.
Imports
- Do you import products or services from overseas?
- Have you visited suppliers overseas?
- In what currency do you purchase imports?
- Do you take forward exchange cover to cushion the effect of currency movement?
- Are you registered under the deferred GST scheme?
- Have you enquired about any tariffs that might be charged on the imported products?
- Have you enquired from Industry Capability Network whether there are equivalent products manufactured in Australia?
- Are you importing items that you then include in another product that you are manufacturing and exporting within 12 months?
- If so, have you registered for the Tradex Scheme? (The Tradex scheme allows importers of products, to be exported within 12 months, to avoid paying import duties and GST on the imported product)
There are over 50 questionnaires relating to the preparation of a business plan….. in the next instalment we will consider Human Resources.
Business Plans – Some Questions to Consider
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This post is part of the 50-part series “Business Plans – Some Questions to Consider” (yes, there will be 50 of them!). Be sure to read the other parts of the series to get a full picture. You can follow the series along on the blog or read them first by subscribing to our popular Business Plus+ newsletter.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 811 awesome articles for us at Alan Lewis Accountants – BLOG
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