Paying for professional advice when you start a business will save you money later on. So what advice is worth paying for? The answer to this question really depends on the kind of business you run. For example, if you’re an accountant running your own business, you know your way around a profit and loss statement and understand the difference...
Since it started in Western Australia in late 2020, the National Disability Insurance Scheme (NDIS) has had significant scrutiny, with final reports on the Royal Commission and a formal review of the scheme delivered in 2023. The Australian Government’s response has included making legislative changes that started on 3 October 2024 that you should...
If you’re working full time but are considering starting a business, here are four top tips to help you make the transition. Step one: Do your research Before you take a leap of faith, learn as much as you can about your selected industry. (It’s surprising how often we meet clients who are planning to start businesses in industries in which they...
Whether you’re looking for a way to work from home or setting up a company with separate premises, here’s where you might find inspiration and business opportunities. Twenty years ago, most people wouldn’t have imagined starting a business to make money online through apps, virtual services or online products. Technology is always changing the...
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...
The switch from employee to boss isn’t always an easy – and neither is working with your spouse. Here are some insights shared by business owners Molly and Jordan Kirk, who co-own a commercial refrigeration and air conditioning business in Perth. Molly and her husband Jordan worked for a refrigeration company and later bought out the business under...
Setting a clear vision for the future of your business – and a strategy to get you there – could help you to grow your sales and build a stronger and more resilient business. If you’re wondering whether you’re ready to grow your business, don’t miss these expert tips. As a business owner, one of the first lessons you might have learned is how...
If you’re starting a home based business, there are some important steps to take to prevent your home insurance policy becoming null and void in the future. Depending on your home insurance policy, you may have cover for your buildings and structures as well as the contents of your home. Running a business from home, or even storing business...
Have you heard about small businesses having their Facebook and Instagram accounts wrongfully shut down, in some cases severely impacting their business? Here’s a look into what has happened and how you can help to protect your business from the impact of something similar. Many WA businesses rely on their Meta accounts (which include Facebook and...
When you’re a small business owner, there are a number of government regulations and compliance requirements you need to stay on top of. While it may seem challenging to be across all the changes that may affect your business, there are three easy steps you can follow to ensure your business is meeting its legal requirements. Use subscriptions to...
Are you thinking it may be time to move on from your business? If you’re planning to sell your business, your mind has probably jumped to thoughts of how to manage the sales process and the price. But before listing it for sale, there are important housekeeping tasks to help you: package your business so that it’s attractive to a new buyer make the...
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...
