Like many businesses in our current environment, you may be expecting a downturn in your turnover for the next financial year. We’ve put together some tips on how to prepare from a tax perspective. From staffing challenges and supplier constraints to customer behaviours and global events, there are many reasons your business might be preparing for...
From 9 November 2023, changes to the Australian Consumer Law mean that businesses of all sizes can’t propose, use or rely on unfair contract terms in standard form contracts. Find out what this means for your small business contracts. A standard form contract is generally one which has been prepared and entered a number of times by one party to a...
Starting a business is a daunting task for anyone, but young business owners face unique challenges. In Western Australia, the entrepreneurial spirit is alive and well, with numerous opportunities for young people to innovate and create successful ventures. Here are some tips for young people considering starting their own business. Build your...
We’ve all heard the saying that ‘cash is king’, but despite the popularity of this phrase cash flow is an area of business that is often neglected. Being able to effectively manage your cash flow is key to the long term survival of your business. It will also allow you to maintain enough working capital to operate through quiet periods. Your cash...
Made a purchase for your business that doesn’t work? Here’s what to do. In small business every dollar counts, and making smart purchasing decisions is crucial to keeping your business running smoothly and profitably. However, even with the best intentions, problems can arise with products or services you've purchased. We outline how to address any...
Small business owners with a business tax debt are encouraged to work with the Australian Taxation Office (ATO) to help manage it through a mutually acceptable plan. Dealing with financial stress while running a business can be difficult, and a tax debt notification from the ATO can be something you’d prefer to ignore. While it is often tempting to...
Ensuring every aspect of their operation is as energy efficient as possible is the commitment of an award winning South West linen and laundry business. Baythe Linen and Laundry in Vasse, on the outskirts of the City of Busselton, is setting benchmarks for sustainability and environmental responsibility by continually seeking out and investing in...
Buying a franchise can be a great pathway to running your own business. Before signing on, make sure you’ve sought advice and considered these seven key areas.
Tell your brand story, engage with your audience and enhance your online visibility using Instagram reels and stories.
The way you’re feeling can often be aligned with how well your business is doing. The thought of whether you can pay the bills or wages, or whether your business can actually continue, are burdens that can weigh heavily on any business owner. There are a number of ways you can manage any stress and anxiety you are feeling. Unfortunately due to...
Small business owners wear many hats. From customer service and sales, to bookkeeping and recruitment — when you run a small enterprise, the buck stops with you. There’s no doubt that owning a small business has many rewards. However, it’s important to acknowledge that this lifestyle also comes with its fair share of challenges. There is the...
Withholding retention payments in construction can affect subcontractors’ cash flow and profitability. Often used in the construction industry, retention is a fixed percentage of the total payment due for a contract, withheld for a period after the work is completed. It’s there to make sure that the contractor or subcontractor properly completes...
