Tax return: Getting what you paid for...
15 February 2008
Tax return: Getting what you paid for.
We might moan and groan when chunks of our earnings are thrown on to the Government’s heap, but how many of us have actually delved into what is offered in return? Aside from the obvious ones like maintaining roads, cleaning cities and streets and providing public health and educational facilities, the Government (federal, state and local) has some hidden gems for small business owners, just waiting to be found and taken advantage of.
As has been the thread of the last few blogs, building a business idea from your passion is one of your first steps. No point slogging it out if you get bored with your own business within the first month.
Once you’ve settled on an idea and you have researched the commercial viability and demand, it’s time to bring in the big guns. Your first step is pillaging www.business.gov.au
and milking every ounce of information out of it. Choose which ‘business topic’ relates to you the most
and read, read, read. If, for instance, you want to operate a home-based business, there is a mine of information ready and waiting.
If you are new to business, there is a vast selection of checklists and tips that takes you through important issues you need to consider. From insurance, ecommerce and
market research and statistics help to advice on employing people, registration and licences and fair trading, this website covers a lot of ground.
The HomeBiz Kit has straightforward and logical advice, written in clear and simple English, including information under the sub-headings ‘Planning’, ‘Starting’, ‘Managing’, ‘Growing’ and ‘Assistance’. There are success stories you can read about involving people who have taken advantage of government support and assistance and you can also attend seminars and courses, many of them free.
Starting and running a business is a huge leap, which demands a lot of planning and back up. There is no reason to do it alone and nor would it be wise to. Investigate your local council’s website and see what help and support they offer to constituents in their local government area. Ring their customer service line and find out who can help you.
Why would you pay someone to tell you everything you can read free?? Of course, if you still feel adrift after you have studied www.business.gov.au and the myriad of sites linked to it, by all means, hire a business advisor. Whatever you need to be confident in putting your best
business foot forward.
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