Turn compliance into paid advisory on purpose
Most firms don’t lack insight. They lack a simple way to use it.
Benchmarking usually gets skipped because it:
- Takes too long
- Happens after the meeting
- Uses averages that don’t drive decisions
The result?
Compliance gets done. Advisory never really starts. The 5-Minute Benchmarking System fixes that.
What it is
A five-minute process run inside the year-end compliance meeting that identifies where a business is underperforming and creates a clear advisory decision.
- One page.
- One comparison.
- One conversation.
No unpaid thinking.
Why it works
This system benchmarks businesses against the Top 20% performers in their industry, not averages.
Averages tell clients they’re “normal”. Top 20% benchmarks show them what’s possible and what it’s worth.
Every gap is translated into dollars, not percentages. That’s what gets attention.
The 5-minute process
- Complete compliance first
- Set the performance frame: “Let’s spend five minutes looking at how this business compares to the Top 20%.”
- Review the one-page benchmark snapshot
- Identify the single biggest profit gap
- Quantify the gap in dollars
- Recommend a 12-month advisory package to close it
No solutions are delivered in the meeting. The client decides whether to proceed.
Why firms use it
- Five minutes per client, per year
- Prep done by juniors or support staff
- Partners review, they don’t build
- Advisory time only invested after commitment
- Repeatable every year, across every business client
Some clients proceed immediately. Others don’t.
The system still runs and uptake compounds.
Why TaxFitness
This system cannot be run properly using:
- ATO benchmarks
- Industry averages
- Spreadsheets
TaxFitness provides:
- Top 20% benchmarks across 400+ industries
- A consistent KPI structure
- Automated calculations
- A clean, one-page snapshot ready for meetings
That infrastructure is what makes five-minute benchmarking possible.