The Australian Tax Office (ATO) is warning small business owners to be wary of unlawful tax schemes offering to significantly reduce or avoid a tax bill. The ATO has seen a rise in tax avoidance schemes being promoted online, particularly via social media. These schemes can entice honest people into arrangements that can have a significant impact...
If you have never ventured into the world of business ownership before, you may be wondering how different it will be from being employed by someone else. We put together some details on how owning your own business can be a different experience from being someone else’s employee. Flexibility No matter how adaptable your employer is, it’s hard to...
A bad credit rating isn’t helpful in your personal finances – but did you know it can impact your business finances too? While your business may experience fluctuations in cash flow for a range of reasons, it’s worth ensuring you can pay your bills and debts on time to protect your credit rating. Here’s what you need to know about your credit...
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...
With more than 9,000 business, many classed as small and micro in nature, the City of Cockburn joined the SBDC’s Small Business Friendly Local Governments program in 2018. Having also participated in the SBDC’s Small Business Friendly Approvals Program in 2021, the City continues to demonstrate its commitment to its small business community with...
We all want to avoid non-essential costs when starting a business. The good news is, there are some amazing free resources available to get you started on your business journey. Here are some of the best. 1 - Free Starting a Business workshop If you are new to business, our free Starting a Business workshop is the best place to start. You’ll cover...
Could a change in payment times across the board be the silver lining to the pandemic cloud?
Great news! You don’t need to provide an on-site video arcade, unlimited holidays or free pet-sitting to be an employer of choice. With these simple ideas, you could create the kind of workplace and culture your team will love. You might spend a lot of time and effort attracting customers to your business – but how much have you invested in...
Family-owned and operated business, Leaf Bean Machine, has spent more than a decade taking their love of a good brew to the next level by focussing on being more than just a coffee roaster. Fleur and Brad Cassidy, the husband and wife team behind Leaf Bean Machine, created a three pronged product focus which gave rise to its trading name. They...
Connecting to a business adviser at the SBDC can make the world of difference to any new business according to artistic business founder, Kym Gow. “It is daunting starting out in a new business,” Kym said. “I wish I'd known about what was on offer from the SBDC in the beginning.” Colour Passion is an online business that provides high quality...
Doing your homework before you chose to register your business is sound advice for new enterprises according to business owner Sharon Todd, the founder of a funeral company specialising in traditional Aboriginal funeral services. Towards the Dreaming is a 100 per cent Indigenous owned and managed funeral service founded by Sharon in 2021 to fill an...
Are you considering producing beverages, such as craft beer or juices, as a business? The Western Australian Planning Commission has produced new guidance to help navigate land use planning considerations for beverage production in WA. We’ve put together a summary to help you. What is beverage production? The term beverage production covers...
