I am pleased to see the ATO has recognised the potential impact of the STP initiative on small and micro businesses; and are considering extending the transition period, as well as, including alternate reporting mechanisms. Single Touch Payroll (STP) – an online payroll initiative designed to streamline the way employers report tax and...
Reaching out to the SBDC for advice was the key to helping Elizabeth Lang from Diversity Focus make the right decisions during her business journey. Diversity Focus is a research, consultancy and training business that was established in 2017, inspired by the vision to create a more equitable and inclusive world. Founder Elizabeth Lang said that...
Do you feel like a vehicle you purchased for your business has been more trouble than it’s worth? No one likes the idea of having purchased a lemon, especially given the expense of buying a vehicle and your expectation of how it will save you time and money. As warranty periods can be limited, especially for second hand vehicles, the most important...
With spring in the air, now is the time to take stock of your business and get organised before the busy festive season
Free financial counselling services are available to help small business owners who need information about managing debt or are in financial distress. Financial challenges are often cited as the biggest cause of anxiety for small business owners. An Australian Government Department of Industry, Science, Energy and Resources report Small Business...
Working towards #GenerationEquality is the theme of International Women’s Day, which is on 8 March 2020.
When you’re located in regional Western Australia, it can sometimes feel like you don’t have access to as many resources as your counterparts in the Perth metro area. Here at the SBDC, we provide a range of support services which are available both locally in your area as well as over the phone or online. Here is an overview of the services on...
You may have seen recent media reports about insurance issues for a range of home-based businesses across Australia. If you’re starting a business, you can take steps now to prevent your home insurance policy becoming null and void in the future. Depending on your home insurance policy, you may have cover for your buildings and structures as well...
Starting his business five years ago and completing nearly 20 of our SBDC business skills workshops so far, Laundon Peacock is someone who loves to learn! Here he shares some of his experiences and lessons from his videography business, LP Visuals. Laundon Peacock launched his small business, LP Visuals, while he was a university student. What...
According to the Australian Competition and Consumer Commission (ACCC), three children have died and at least one child is seriously injured every month after swallowing or inserting button batteries in their bodies. Button batteries, also known as coin batteries, are small silver-coloured batteries which contain hazardous chemicals and can pose a...
Are you thinking it may be time to move on from your business? If you’re planning to sell your business, your mind has probably jumped to thoughts of how to manage the sales process and the price. But before listing it for sale, there are important housekeeping tasks to help you: package your business so that it’s attractive to a new buyer make the...
Most business owners who’ve worked hard to establish their business, want to see it continue to thrive after they leave. A succession plan, or exit strategy, determines the best way to leave a business, whether that’s by sale, passing it onto other family members, introducing new management, or simply reducing your role in the business. Succession...