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...
On 1 July 2024, Business Local became SBDC Regional. While the name has changed, we’re still here providing you with free business advice and support in your area. Find your SBDC Regional provider . When opening and evolving their landscaping supply business in Albany, owners Jane and Ian sought guidance from advisers at the Albany Business Centre...
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...
Confidently use Canva to create marketing collateral including a video, branded templates and a brochure that you can use to promote your business.
The founder of Impact Digi, Tamara Bin Amat, advises other indigenous businesses to stay true to their roots and collaborate with other community-driven enterprises as a path to business success. Impact Digi is a Karratha based digital design business which employs a team of nine. Its client portfolio includes fellow indigenous and non-indigenous...
The latest advances in artificial intelligence (AI) have made headlines around the world. Here’s a simple starter guide to using AI in your small business – including what it’s good for and what you might like to avoid. Once confined to the imagination of Hollywood filmmakers, the powers of artificial intelligence (AI) are fast becoming a normal...
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...
By mid-2020, the COVID-19 pandemic had impacted small businesses across many sectors. Whether lockdowns and restrictions had affected them financially, or the constantly changing environment had left them emotionally exhausted, some small business owners needed additional support to move forward and pivot how they operated. “Before COVID came...
As a small business owner, it’s important to pay yourself a regular wage – and it’s just as important to make sure you pay the right amounts of tax and super too. Here’s your quick-start guide to paying yourself in your business. Step 1: Start with your business structure The way you pay yourself depends on the structure of your business. We have...
You may be aware of the wise advice that to achieve the best outcomes, you should work on your business, not just in it. However, the reality is that some important but non-urgent tasks usually sink to the bottom of the to-do list. This includes maintaining an effective online presence - an essential part of a modern marketing approach. Overall...
Whether you’re just starting out in business, or you’ve been your own boss for years, the end of the financial year (EOFY) can be a busy time. To help you organise your financial records and find the paperwork you’ll need to pass onto your accountant, we’ve put together a handy EOFY checklist to help you. Download our free EOFY checklist Reporting...
This interactive workshop takes the mystery out of your business financials, giving you the confidence to ask the right questions and make better informed financial decisions.
