SBDC – Tax Essentials

Small business in all areas of the economy regularly fail, particularly in the second and third years of operation because of a lack of understanding of small business tax basics. This means that despite the business concepts, marketing and strategy execution being good, businesses fail to account for GST correctly, fail to make provision for income tax or fail to record transactions properly. Early stage taxation knowledge is an important element of business success.

Workshop overview

Proudly subsidised by the Small Business Development Corporation (SBDC) this workshop provides a crucial understanding of tax essentials for small businesses. Comprising two 2 hour sessions, covers fundamental taxation matters for small businesses.

Topics Covered:

Session One:

• Am I Carrying on a Business in the Eyes of the ATO?
• What is Assessable Income?
• Deductions for Small Business.
• Record Keeping.

Session Two:

• Business Structures.
• Basics of Capital Gains Tax.
• Capital Allowances – Depreciation and Instant Write-Offs.
• GST Basics.

Equip yourself with foundational tax knowledge to safeguard your business’s financial health. Join us for this essential workshop and take a proactive step towards small business success.

Why this workshop is for you

Many small businesses face challenges due to a lack of understanding of basic tax principles. This workshop is your key to acquiring early-stage taxation knowledge, essential for navigating the complexities of small business taxation. Learn practical skills to set up effective systems, maintain accurate records, and engage in informed discussions with professionals.

Workshop details

Date: Tuesday 17th & Wednesday 18th June, 2025

Time: 9:30 AM – 11:30 AM

Delivery Options: Online.

Cost: $20 inc. GST

Register: Registration is via SBDC website, approx two weeks prior