We’ve put together this summary of temporary full expensing to help you decide if it is the right depreciation option for your business.
It’s no secret that the cost of practically everything seems to have risen. As a commercial leasing tenant, it’s important to understand the outgoing clauses in your lease, so there are no surprises later on. Our business advisers spend a lot of time speaking with small business owners across WA. One question appears to be coming up frequently in...
Sometimes the simplest business tips are the most important pieces of advice you can adopt, and that’s definitely the case when it comes to ‘get it in writing’.
If you are applying for a grant via the SBDC, it’s now essential that you use myGovID to verify your identity before commencing your claim. What is myGovID? myGovID is a national digital identity tool that operates through smart devices, such as your mobile phone. It has been designed to help individuals prove their identity, in a similar way to a...
When deciding to structure your business as a Pty Ltd Company, it’s important to understand exactly what protections operating under a company structure does and doesn’t offer. An incorporated company, often recognised by the addition of Pty Ltd after the company name, is one of the structures you may consider for your new business. A company is a...
Do you make promises to customers about what you’ll do if the goods or services they buy from you are defective? Any promises or guarantees relating to goods or services are classified as a ‘warranty against defects’, if made at or around the time they are supplied. As these promises are voluntary and often go beyond the protections provided under...
The recent launch of 13 regional and metropolitan TAFE Jobs and Skills Centres (JSCs) has provided a one-stop shop for small businesses looking to recruit or train staff. The centres provide careers, training, and employment advice and assistance and serve as a direct link between businesses seeking staff and TAFE trainees and apprentices looking...
Follow these tips to help you effectively oversee occupational health and safety matters in your business.
Being authentic and true to oneself has been Michelle Rimmer’s mantra since the launch of her business, Hills Massage, 20 years ago. Reflecting on her business journey, Michelle said she would tell the younger version of herself that consistency is the key to success. “You have to be consistent in the quality of your or product, your communication...
Would you know what to do if a business stopped paying your invoices or became insolvent? What you may not know is that in these situations you are considered to be an unsecured creditor and there are some important government regulations you should be aware of to try and protect yourself from losing money or assets. What is a creditor? You are a...
You might think eInvoicing is what happens when you email invoices from your accounting system but there is much more to it, including a number of benefits for your business. Here is our quick guide to the benefits of eInvoicing. What is eInvoicing? eInvoicing is a new payment method designed to streamline payments between businesses and their...
In Western Australia, retail trading hours are regulated and your ability to trade depends on the type of business you operate. If you are classified as a general retail shop in the Perth metropolitan region, you’ll be able to open for extended Christmas trading hours from the first Saturday in December. Regional businesses should check with their...