Tax Essentials

Please note: this event is run by the Small Business Development Corporation for small business owners in Western Australia only.

Understanding key tax concepts is vital to running a successful business. You can have a strong business idea, strategy and marketing, but not knowing how to account for goods and services tax (GST), keep good records or make provisions for income tax can put you on the back foot financially.

This workshop gives existing and aspiring small business people a high level overview of tax matters impacting them. The workshop is made up of two 3.5 hour sessions and explain how to set up simple financial systems, record transactions and provide you with the knowledge needed to have informed conversations with an accountant or the Australian Taxation Office (ATO)

This topic covers

SESSION ONE:

• The ATO's definition of a business
• What is assessable income?
• Tax deductions
• Record keeping obligations

SESSION TWO:

• Business structures
• The basics of capital gains tax
• Capital allowances (depreciation and the instant asset write off)
• GST

To get the most out of this workshop it’s recommended that you attend both sessions.

This workshop is suitable for people who are in business, or looking to start a business, and want to understand the key tax concepts needed to run a successful business.

The facilitator of this topic, ECU's Executive Education Team at the School of Business and Law is dedicated to providing impactful workshops tailored to help small businesses in Western Australia thrive through sustainable growth. Their workshop content has been developed in consultation with industry experts and university resources to equip you with the skills to succeed.

Important booking information

Got a query? Check our Workshop Frequently Asked Questions or get in touch with us at workshops@smallbusiness.wa.gov.au. 

Bookings are limited to two tickets each, however you can make more than one booking. If you are booking for more than one person, please provide each person's email address so they receive our emails with important links and downloads.

To book for larger groups, please contact us on 133 140 or email workshops@smallbusiness.wa.gov.au

If you cannot attend, please cancel so your place can be made available to another business owner. You can cancel your booking from the update order button on your order confirmation email. Cancellations and refunds for paid workshops can be made up to 24 hours before the workshop starts.

Additional information for workshops

We are committed to supporting all WA small business owners, including those with diverse needs. Our workshops are delivered in a variety of buildings, locations and formats. If you would like further information about accessing a particular workshop, please email workshops@smallbusiness.wa.gov.au or call 133 140.