Many small businesses start as a hobby business or ‘side hustle’ which you might run in your spare time while holding a job with another employer. Setting your own hours and being your own boss might sound like a dream when you’re working while running a business on the side – but it’s important to make an informed decision before you decide to...
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...
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...
New AI driven search tools are changing the digital landscape, making it more important than ever to focus on proven search engine marketing practices. We asked Jordan Lomax, Director of The Social Lab, for her insights on search engine marketing (SEM) in today’s context. Here’s what Jordan has shared on how search has changed – and what small...
If you supply goods or services for less than $1 million to the WA Government, new guidelines mean you will now receive payment within 20 days. From 1 October 2020, WA State Government agencies must ensure that all payments of less than $1 million for goods or services, excluding construction works, are made within 20 calendar days of: receiving a...
As a former school principal for more than 10 years, Orlando dos Santos always encouraged staff and students to achieve their dreams. When he identified a need within the community after witnessing a lot of pet stress, he knew it was time for him to achieve his own dreams. With more than 50 years of experience in dog training under his belt...
Find out more about the ban on single use plastics and what you can do to get your business ready.
As you dive into the new year in small business, it’s important to take stock of your achievements during the past 12 months and to set your business goals for 2025. We have put together a few tips to help ensure smooth sailing in the year ahead. Get on top of your finances Take some time to put your finances in order by reviewing your financial...
Have you been wondering how the Federal Government’s instant asset write-off may benefit your business? As part of the 2026 Federal Budget, the $20,000 instant asset write-off is set to become a permanent tax scheme for small business owners to access. Here's a quick rundown on the instant asset write-off and whether it’s something you should take...
There can often be confusion and disputes when you’re exiting a commercial lease and need to meet a number of ‘make good’ obligations. The make good clause in your lease will outline the condition the building must be in when the lease comes to an end. Here is a summary of the top make good obligations that most often lead to a dispute, and some...
Landing a big client is generally cause for celebration as a small business owner. If you’re signing a contract to supply a client with your products or services, you might be asked to commit to an exclusivity clause. An exclusivity clause means you are being asked to restrict your supply of products to just that client, industry or geographical...
How can you impact your profit as a small business owner? For most small businesses, making a profit is one of the most important goals. Profitability relies on a simple accounting equation: Income – Expenditure = Net Profit In other words, net profit is your business's profit after all business expenses have been deducted from your revenue...
