As tax time draws nearer, you might be wondering what you can claim or ‘write off’ as a tax deduction this year. It’s important to know exactly what you can – and can’t – claim to avoid running into issues later. Our business adviser, Brian Childs, shares some of his top tips for small business owners around claiming tax deductions. Beware of...
Are you thinking of funding your business with a bank loan? It may be helpful to know what financial institutions are looking for when deciding whether to approve your business loan application. How banks decide whether to give you a business loan While there are a few different ways to fund your business, including through your own savings or...
Food based businesses are a popular pursuit for many aspiring business owners. While the process of starting a business is generally the same regardless of your industry, starting a food based business does involve some additional steps. Here is an overview of the additional steps you’ll need to follow to start a food based business. Tip: We...
Most businesses evolve over time. You may start off running a small home based business and then branch out to hiring staff, moving into business premises or offering new products and services. If you’re starting a business or planning changes to the way you operate, we recommend taking a moment to check if there are any additional licensing...
'See you in court' might be an easy way to resolve disputes in your favourite legal series – but the reality of legal proceedings is much more complicated, expensive and potentially stressful for small business owners. Whether you’re handling a dispute with another business, your landlord, or an individual or organisation, it’s always worth...
Having the right mindset is key to success in small business. Adwoa Abban sees every project as a win – and has used a range of our SBDC services to set up, expand her knowledge and grow her business. Quantum Phases Consortium is an independent cost, contracts and claims consultancy based in Perth. Adwoa Abban, the principal consultant and owner of...
Each year, more than one million Australians are impacted by scams, cybercrime and identity theft. For small businesses, cyber vulnerabilities can have a devastating impact. Have you ever thought about how much of your business information is stored on a smart phone, computer or online? What would happen if you lost access to that information or it...
Grant funding could provide your small business with an opportunity to invest in new equipment or projects, launch a new product or service or expand your operations. With many business grants being competitive, it’s good to know how to give your application a competitive advantage. If you’re looking for ways to finance your business growth, grant...
It’s easier than ever for you to access free business advice and support from our team of local business advisers, with the launch of online advisory appointment bookings on our website. One of the most important services we provide at the SBDC is our free business advisory service. Any current or aspiring small business owner in Western Australia...
Running a small business is hard enough without having to worry about hackers. The good news is that a few simple habits can make a big difference to keeping your business safe online. We’ve outlined seven simple steps to strengthen your cyber security and help keep your business, and your customers, safer. Install software updates to keep your...
Investing in a major business asset, like a motor vehicle, is a big step for a small business. Before handing over your hard earned money or signing any paperwork, there are some important factors to consider before committing to a vehicle purchase. Consider your business needs Before deciding whether your business needs a vehicle, it’s important...
Our latest research shows that small business is generating real returns for the Western Australian economy.
