If you’re expecting a surge in business in the 2024-25 financial year that will boost your taxable income, now is the time to plan ahead to make sure you meet your obligations and maximise your cashflow. Take a look at your expected taxable income for the current financial year (2023-24) - that’s the assessable income for your business minus any...
You may be aware of the wise advice that to achieve the best outcomes, you should work on your business, not just in it. However, the reality is that some important but non-urgent tasks usually sink to the bottom of the to-do list. This includes maintaining an effective online presence - an essential part of a modern marketing approach. Overall...
The Small Business Friendly Approvals program, funded via a Streamline WA commitment to streamline regulatory processes in Western Australia, has seen the SBDC work with selected local governments to identify reforms that will improve the process of starting and operating a small business in each area. The City of Wanneroo, one of the first local...
Family businesses make up a significant amount of businesses in Australia, but extra care is needed when working with family members. According to Family Business Australia, 70 percent of all businesses in Australia are family businesses. While working with family can be rewarding, it also has its challenges. Although the start of the working...
The latest advances in artificial intelligence (AI) have made headlines around the world. Here’s a simple starter guide to using AI in your small business – including what it’s good for and what you might like to avoid. Once confined to the imagination of Hollywood filmmakers, the powers of artificial intelligence (AI) are fast becoming a normal...
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...
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...
The City of Canning has been Small Business Friendly since 2016 and offers local businesses the opportunity to participate in a range of programs to build capability and capacity. These include the Canning Business Mentoring Program, City of Canning Grants Centre and a range of business events. The Canning Business Mentoring Program is in its...
Have you been wondering how you can take paid parental leave from your business and what you may be entitled to? As a small business owner, you might have experienced how hard it can be to take any kind of break from your own business. Taking a day off can sometimes feel impossible, let alone taking a holiday from your business – or parental leave...
The rapidly unfolding coronavirus pandemic is creating unprecedented disruption and concern for small businesses across WA. Here is what we are doing.
As we transition out of our week of lockdown here in WA, I’d like to take a moment to recognise and commend small businesses for the part they have played. Over the week our thoughts have been with many members of the community, including small businesses, who have been impacted by the devastating bushfire emergency in Perth’s east, as well as the...
You’ve probably spent some time working out what to put on the home page of your website, but how much time have you invested in planning what goes into your shopfront display of your bricks and mortar business? Your shopfront will quite often be the first impression you get to make – so make it a great one! You want to encourage people to enter...