The Australian Taxation Office (ATO) has recently announced changes to how your employees can calculate tax deductions if they work from home. Here’s your guide to the changes. Millions of Australians work from home for some or all of their working week. If your business is structured to have your employees working from home at some stage, they...
If you supply products or services to other businesses, you may find that your clients seem to be deliberately prolonging paying your invoices to help control their own cash flow. However, even when this expected income hasn’t come in on time, you still have operating costs to meet in your business. Managing the impact of late payments on your...
The recent three day lockdown of Perth and Peel over the Anzac weekend was another hurdle for small businesses to jump in a marathon year. I want to take a moment to once again recognise the significant part you are playing in supporting the long term recovery of our WA economy by complying with the lockdown closure orders and the ongoing...
Automating certain business tasks can help you save time and improve your processes. Here are six simple things to try automating in your business.
If you’re expecting a surge in business in the 2023-24 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 this current financial year (2022-23) - that’s the assessable income for your business minus any...
When Melissa Raffan’s career took an unexpected trajectory and she became a small business owner, she was driven by her personal passion for scrapbooking and a desire to do something different. “The previous owner literally made a joke that I should buy the business. That was in May 2021 and by November I had taken over the shop,” Melissa said. “I...
With a common goal, Chris Schmid and Reen Richards created a purpose-led business to support Aboriginal communities, paving the way for their business success. About Woollahra This shared purpose has enabled Chris and Reen to build a thriving business, manufacturing and supplying environmentally responsible cleaning products and related consumables...
Government contracts and tenders offer a lucrative business opportunity for small businesses as well as larger organisations. Multi-million dollars of federal, state and local government opportunities are advertised each year. But do small businesses have the muscle power to win these contracts? How small businesses can compete for government...
Buying an established business can be challenging – but it can help knowing there’s somewhere you can turn for support. Jasmine Kik from Fireplaces WA uses our SBDC services regularly and shares her story. Fireplaces WA is a family-owned business offering a range of gas, wood, bio-ethanol, and electric fireplaces. According to the Fireplaces WA...
Did you know that your average Australian small business signs eight standard form contracts per year? This is why it’s so important to know your rights when entering into a standard form contract, or providing a contract to others. While protection for consumers entering into a standard form contract has existed for many years, in 2016 similar...
Many small businesses come up with great products and services, but struggle to find the right audience online. Knowing where your customers are spending time online is a key component in understanding how to market to them. Many small businesses come up with great products and services, but struggle to find the right audience online. You already...
In Hollywood movies and Netflix shows, ending an employment contract is as simple as yelling “You’re fired!” In reality, it’s not this simple. Difficult situations can crop up with your team, so here are some steps to help you manage the risk assessment, comply with employment legislation and have those hard-to-have conversations. 1. Start with...