Tax Essentials

About the event

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 topic covers:

• The ATO’s definition of a business
• What is assessable income?
• Tax deductions
• Record keeping obligations
• 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 event is run by the Small Business Development Corporation, in collaboration with the City of Cockburn, for small businesses in the City of Cockburn only. 


Small Business Development Corporation

This workshop is available at no cost, thanks to funding from the State Government of Western Australia, through the Small Business Development Corporation (SBDC). The SBDC is a Western Australian Government agency that helps small business owners to start well, survive and thrive. SBDC offer free resources, business advice and low cost workshops covering what you need to know to boost your chance of business success. Turn to SBDC for free, practical support to help your small business journey run smoothly.

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