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.

These sessions give small business owners a high level overview of tax matters impacting them and explains 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 is a single topic split into two sessions on separate days and your registration covers both sessions:

Session 1: Tuesday 13 August 2024 | 9.30am - 11.30am

Session 2: Wednesday 14 August 2024 | 9.30am - 11.30am

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

This session 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 for this workshop, ECU, is ranked Australia's top public university for 'Business and Management' in quality of educational experience, teaching quality, skill development, and student support. With course content developed in consultation with industry groups and the latest theory with hands-on, practical experiences it a great option to build your professional skills and knowledge. Their presenter is a former Assistant Commissioner with the Australian Taxation Office (ATO) and has run a number of small businesses, so he understands the issues facing small business owners. 

This online workshop will be recorded and made available for those registrants unable to attend the live event. A link to the recording will be available to registrants from the workshop hub within 24 hours of the live event taking place. You will have a week to watch the video before the link expires.

This workshop is presented by the Small Business Development Corporation, a Western Australian Government agency that helps small business owners to start well, survive and thrive. We offer free resources, business advice and low cost workshops covering what you need to know to boost your chance of business success. Turn to us for free, practical support to help your small business journey run smoothly.
133 140
smallbusiness.wa.gov.au

Important booking information

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.