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admin 28.02.2014

The Australian Government says small and medium enterprises (SMEs) are to benefit from the Korea-Australia Free Trade Agreement (KAFTA), which officially entered into force today. SMEs are being encouraged to explore the opportunities being introduced by the new trade agreement, which will see Australia’s merchandise exports to Korea enter duty free by value. Mr Robb said the KAFTA will eliminate the tariffs on Australian parts and components, boosting the competiveness of Australia’s high-end manufacturers as a result. Minister for Small Business Bruce Billson said the KAFTA would be “opening doors offshore for our SMEs”. Mr Billson highlighted the Australia-China FTA and the upcoming Japan-Australia Economic Partnership Agreement as examples of steps the Abbott Government has taken to help SMEs. Unions remain unconvinced, with the Australian Council of Trade Unions (ACTU) claiming the trade agreement will see Australian jobs going under. Australia’s 500th significant investor visa has been granted in a move that is described as a massive boost for the country’s economy. She also revealed that $2.36 billion has been invested into the Australian economy by recipients of this visa with complying investments ranging from State or Territory Government bonds, managed funds or direct investment into Australian companies. The SIV was introduced to provide a boost to the Australian economy and to compete effectively for high net worth individuals seeking investment migration. The recipient of the 500th SIV says he is looking forward to having closer ties with Australia. Australia has always been an entrepreneurial nation, with small business the backbone of the economy and the labour force.
Small businesses continue to dominate the Australian economy, with 3 in 5 Australian businesses not employing staff, and 9 in 10 businesses employing less than 20 workers. Highlighting the tough business environment, of all the new businesses started 4 years ago, almost half (51.0%) are no longer operating. 97% of Australian businesses are 100% Australian owned, 95% are independently operated (not part of a group or franchise) and 87% conduct all their functions independently (are not part of joint marketing, a buying group or collaborative ventures).
The Australian Small Business Champion Awards celebrates the most outstanding businesses in Australia for the role that they play in the economic development of the country. It is the only national recognition program for Australian small business. Australian small business owners are now taking their marketing campaigns that little further by utilising My Go2 Girl’s telemarketing services, or most recently referred to as My Telemarketing Girl.
Our telemarketing services reach as fas as Melbourne, providing Australian small business owners with more time to focus on their other business needs. While we do not have that emotional attachment we do have the passion and enthusiasm to learn about your business and promote to others on your behalf.
As soon as small business is established in Australia, it enters a contract with several parties, including the government and the people.

Here’s everything you need to know, learn and have to start your small business in Australia on the right foot. Australian Business Number: If the small business intends to register for Goods and Services Tax (GST) then you will need to register your business for Australian Business Number (ABN). Goods and Services Tax (GST): It is compulsory to register for GST if the sales of your small business exceed $75,000.
Pay As You Go (PAYG) withholding: If you have hired employees or you other employees of other organisation for your business work, then you have to withhold tax before making them a payment. If your small business in Australia is planning on create, profit and pay taxes for intellectual property, it’s essential to protect it from the very beginning.
Understanding the tax obligations of your small business from the start will definitely allow you to save time and money. In Australia, many small business entrepreneurs are unaware of the significance and role of governance structure and its connectivity with the progress and growth of their small business. As a small business owner you have certain obligatory insurances.  As a small business owner it is important to know all your legal obligations. Four creative startups will battle it out in a pitch for investment at Australia’s only event dedicated to connecting creative industries ventures with investment. Now in its 6th year, the Creative? two-day conference attracts entrepreneurs from all over Australia looking to gather growth and investment advice from Australia’s leading international creative entrepreneurs. Anna Rooke, CEO of QUT Creative Enterprise Australia (CEA) who host the event said the event recognised the need for creative businesses to understand what the angel investment community are seeking, aiming to increase the number of investor-ready businesses in Australia. The winner of the Creative? Pitch will receive flights and accommodation for a founder to represent Australia at the Creative Business Cup in Copenhagen, Denmark.
You can get the details of the Australian Business Licence & the Information Service (ABLIS). You may need to register your small business, partnership or company if you are providing goods and services in your business name. One needs to file a tax return for a particular year in review.  The business and the entrepreneur may need to lodge their returns separately. Know your legal obligations as a small business owner in Australia covers information about your basic legal requirements as a small business in Australia. A good governance structure can improve the performance, bottom line, growth prospects and value of the small business. They have the clever idea, the enthusiasm, the business structure, even the investing part all sorted out.
The government has established a website IP Australia that carries complete information on the protection of intellectual property.

Whether you make a profit or not, it is mandatory to file your income tax return with the Australian Taxation Office (ATO).
Australian Human Rights Commission and Fair Work Ombudsman give complete guidelines on the small business obligations towards their employees. Making a short list of necessary investments can help make this easier.Every business is different, which means each has its own set of necessary investments to adhere to each year.
The information on the taxation is available in the booklet provided by the Australian Taxation Office (ATO) on their main website.
Your insurance requirements will vary according to the type of business you are running, but you should always be aware that some forms of insurance are compulsory, such as workers compensation and third party car insurance. As a whole, however, there are a few examples that businesses in practically every industry stand to benefit from.1.
You can get further details in our article, Know your legal obligations as a small business owner in Australia on the Bizify Wisdom’s website.
Security SystemThe security of your business is something that should never be overlooked, yet so many business owners are content with operating without a security system. No matter where your business is located, you owe it to yourself to install a high-quality, modern security system. Succeeding in business is all about increasing your productivity, and there’s no better way to do so than to ensure that your computer system is modern and updated. If it’s just you or a small staff, however, you may want to see if you can fit this upgrade into your budget.
Without a doubt, one of the best things you can do for your business is invest in outsourced marketing.
Unless you have an effective in-house marketing team, you’ll benefit dramatically from passing the work off to a professional agency that can help to build your brand and gain market exposure for your business. Marketing can be costly, which is why many small business owners shy away from outsourcing.
After receiving bachelor degree, currently I am pursuing my master degree in IT cause I believe IT skills are very important in the contemporary business world.

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