Stay a Step Ahead of Your Competitors
TGIF- Thank God It’s February! Business life has resumed back to normality after the December/January holidays and whilst we have all enjoyed the break and after last year, I am sure we all needed some time out to relax and rejuvenate, but now it is time to get on with it. There’s positive news on the COVID-19 front with vaccines soon available, which hopefully means most industries can soon return to a more normalised operational routine. Our January letter featured a reflection on the last year, what went well, what went not so well, and focusing on reviewing and revising your goals, plans and budgets. Now is the time to start working on implementing those changes, involving your teams and pushing hard for a positive result for the financial year.
Later this month we are hosting a face to face panel event, where our expert panel will be discussing, what, for many businesses is/are their most valuable asset/s. As accountants we classify these aspects as intangible assets, and cover your intellectual property including, brands, logos, trademarks and patents. Our panel will discuss what you need to do to maximise the value of your assets, how to protect them and also how they are valued.
There is still time to register and we look forward to seeing you on the night. To whet your appetite, in this month’s newsletter we give you a prelude into the discussion, showing how, if you don’t set your business up right from the beginning, it could cost you more money in the long run.
If there comes a time to sell your business and your intellectual property hasn’t been set up correctly, it can’t be valued properly and therefore can’t be sold for what it’s worth. Outsource2Us Director, Jane Toohey, shares some insights around what to consider when designing a trademarkable logo. Zachary Pagliano, Associate Director at Redchip talks about what’s in a name, and why a business or domain name isn’t a trademark. Clinton Priddle, Director at Kings Patent & Trade Marks Attorneys, highlights some of the common mistakes and how they help some clients protect their brand and more challenging aspects for other clients.
Sincerely
Leon Stephan
Managing Partner
Upcoming Events
Value of Intellectual Property – Brands, Patents and Trademarks.
When: 24th February 2021, 5.45pm (for a 6.00pm start)- 8.00pm
Where: The Ovolo Inchcolm, 73 Wickham Tce,
Spring Hill
Cost: Free
What would it mean to your business if someone else registered their business using your name or one very similar to yours, even though you used the name first? It would be a costly exercise to contend with them and effectively, you risk losing ownership of your own name!
Join us for our first event of 2021 and our panel of experts as they share unique insights on how to position your product or service and protect your distinctiveness at the same time. They will also discuss the process in which to approach branding, intellectual property, trademarks and valuations for your business.
Register HERE today!
What to Consider When Creating a Trademarked Logo
Outsource2Us explains the important factors to consider when designing and protecting a trademarkable logo.
Click here to find out more.
What’s in a Name?
Zachary Pagliano, Associate at Redchip Lawyers gives insight into why a business or domain name isn’t a trade mark.
Read the full blog here.
Australia-a Country of Investors, a Culture of Missed Opportunities?
Clinton Priddle, Director from Kings Patent & Trade Marks Attorneys explains the important factors for businesses to understand about patents.
Read more here.
Top 10 Tips for Valuing Intellectual Property
Advivo Accountants and Advisors share insights into valuing intellectual property to check if your business is on track.
Find out more here.
Advivo’s Charity of the Month!
Advivo’s commitment to the community includes our monthly charitable donation! Last month we donated to GingerCloud Foundation. A great charity who are removing the barriers experienced by young people with Autism, Aspergers and other learning and perceptual disabilities, so they can live their best life, both on and off the field.
Have your say – HERE, to help us choose a local charity to support and we will announce the winner in next month’s newsletter
Don’t forget if you would like us to include a charity of your choice, just drop us a line at info@advivo.com.au
Key Events / Dates:
21 February
- Lodge and pay December 2020 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically.
- Lodge and pay January 2021 monthly business activity statement.
28 February
- Lodge tax return for non-taxable large/medium entities as per the latest year lodged (except individuals).
Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment. - Lodge tax returns for new registrant (taxable and non-taxable) large/medium entities (except individuals).
Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment. - Lodge tax return for non-taxable head company of a consolidated group, including a new registrant, that has a member who has been deemed a large/medium entity in the latest year lodged.
Lodge tax return for any member of a consolidated group who exits the consolidated group for any period during the year of income. - Lodge tax return for large/medium new registrant (non-taxable) head company of a consolidated group.
- Lodge and pay Self-managed superannuation fund annual return (NAT 71226) for new registrant (taxable and non-taxable) SMSF, unless they have been advised of a 31 October 2020 due date at finalisation of a review of the SMSF at registration.
- Due date for lodgement and payment of quarterly BAS.
