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Starting a Small Business

 

WAiS, through an Information, Linkages and Capacity Building (ILC) grant is excited to be able to provide information and support to people and their families in relation to starting a small business, to support them with their entrepeneurial goals.  WAiS are collaborating with the Small Business Development Centre (SBDC) in delivering this information.  The SBDC provide free information, workshops and advice to small businesses across WA.  You can go to their website for more information.

WAiS are developing a suite of Easy Read resources based on a selection of what SBDC has on offer. Please contact WAiS if you have any queries about this project or want to meet with WAiS for support in relation to starting a small business.

You can download the Easy Read resources by clicking the images below.  At the moment, we have released one resource 8 Steps to Starting a Business.  We are developing more resources in relation to each of the 8 Steps, including more information about business plans, finances, and marketing. Watch this space!

NEWS: 8 Steps workshop

On 29 October 2019, WAiS collaborated with the Small Business Development Corporation (SBDC) to run a workshop based on the 8 Steps to Starting a Business resource.  This workshop was held at SBDC in Perth and facilitated by an SBDC advisor.  The workshop was well attended and we hope this will only be the first.  Watch this space for more workshops!

Hobby or Business?

A lot of people ask what is the difference between a hobby and a business.  Deciding if what you have is a hobby or a business makes a difference to your legal responsibilities.

Image of heart and someone reading, riding a bicycle and holding a bat.

 

A hobby is a pastime or leisure activity you do in your spare time for recreation or pleasure. If you have a hobby then you do not have any additional tax or reporting responsibilities.

 

Image of happy workers in front of a multi level building.A business is if your activity is commercial and you want to make a profit.  If you have a business, you will have additional tax and reporting responsibilities.

 

 

The Australian Taxation Office (ATO) has more information on hobbies and businesses.  Click here to go to the ATO website.

The Australian Government is trialling a tool to help people decide if they have a hobby or a business.  Click here for the tool.

 

 

Taxation and Superannuation information

The Australian Taxation Office (ATO) has a series of videos to help small businesses understand their tax and superannuation obligations.

 

The videos are about a variety of topics including:

  • Starting a business
  • Activity statements
  • Paying your tax
  • Deductions you can claim
  • Paying workers
  • Record keeping
  • Selling or closing your business
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