2 Ways Western Australian Businesses Can Prepare for 2022

Llew Eynon • Jan 27, 2022

2022 is looking like a promising year for many businesses in WA and the economy more broadly, but there may still be challenges ahead.


WA has managed to avoid large outbreaks of covid so far but there is general agreement it will spread here in 2022 with the omicron variant that is already in the community.


The WA Government has delayed the full reopening of the border from early February, but the very likely reality is that at some point this year there will be more community spread of covid and businesses need to prepare.


While businesses need to prepare for staff needing to isolate due to covid exposure, the bread and butter of business remains the same in other ways.


It’s as important as ever to get the basics of business right for businesses in Western Australia.

1) Prepare for staff isolation

One of the challenges for business owners relating to staff being exposed to covid is that it is unpredictable when this will occur.


One staff member may be exposed and need to isolate, or many. That means that there is an element of uncertainty regarding when and for how long particular staff members may need to be away from work.


Therefore it is critical for business owners to mitigate this uncertainty and prepare for it by having individualised plans for what will be required for your business if staff need to isolate.


Your plan for staff needing to isolate will depend on your own personal business requirements so be sure to thoroughly think it through.

2) Prepare for supply chain disruption

One of the issues we have seen emerge through the pandemic is supply chain disruption.


We have seen supply chain disruption affect many industries throughout the pandemic.


One of the key ways that supply chains may be disruption in WA during the first half of the year is through staff members of your suppliers needing to isolate from work and then your suppliers being unable to fulfill your needs.


The best thing you can do as a business owner in a situation like this is to identify what your supply chain is, how it might be affected and what you can do about it.


If you would like help with your business, please get in touch.

I'M INTERESTED IN BUSINESS HELP
What is an Instalment Activity Statement? (PAYG)
by TASH LIE 05 Oct, 2023
There are many things about running a business that are more exciting than an instalment activity statement, but nonetheless they are crucial for compliance.  A lot of our clients receive instalment activity statement and don’t know what to do with them – so if that is you and you’re reading this, you’re not alone.
Men looking at the computer screen | Perth, WA | LG Accounting Solutions
by Llew Eynon 07 Jun, 2022
The Western Australia economy grew by a massive 2.2% for the March 2022 quarter, according to recent statistics released by the ABS. Despite recently inflation… The post WA Economy Grows by 2.2% for March Quarter, 4.1% Over Past Year appeared first on LGAS.
Hand and a hologram | Perth, WA | LG Accounting Solutions
by Llew Eynon 21 Apr, 2022
The Federal Government announced that they will be updating the Super rules from 1st of July 2022. As an employer you would be aware that… The post Get your Payroll Tax Records Updated: Super Changes For July appeared first on LGAS.
Businessmen shadow in sunlight | Perth, WA | LG Accounting Solutions
by Llew Eynon 07 Apr, 2022
The Australian Federal Government’s Boosting Apprenticeships Scheme program could be a fantastic opportunity for your business. With the scheme you could find a great new… The post Boosting Apprenticeships Scheme for Businesses – Explainer appeared first on LGAS.
Hand pointing in a hologram | Perth, WA | LG Accounting Solutions
by Llew Eynon 31 Mar, 2022
What are the common ways to tell something is wrong in business? Business owners are typically very busy people who spend many hours a day… The post 3 Common and Key Signs Something is Wrong in Your Business appeared first on LGAS.
Man pointing in a tax text | Perth, WA | LG Accounting Solutions
by Llew Eynon 24 Mar, 2022
Tax Planning can be summed up as understanding your financial position as it relates to tax, and planning your affairs such that you pay the… The post What is Tax Planning And Why Would You Do it? appeared first on LGAS.
Men looking at the computer screen | Perth, WA | LG Accounting Solutions
by Llew Eynon 17 Mar, 2022
“I would like to stick to my cash flow budget this year” is a common thought for many business owners. Unfortunately, the reality of sticking… The post 3 Ways to Help Your Business Stick to Your Cash Flow Budget appeared first on LGAS.
Virtual rocket and a hand | Perth, WA | LG Accounting Solutions
by Tash Lie 10 Mar, 2022
The right business direction is a critical thing to understand for anyone running a business. Business owners are often so caught up in the day-to-day… The post 3 Ways to Know if Your Business is Headed in the Right Direction appeared first on LGAS.
Virtual globe with news text and a hand | Perth, WA | LG Accounting Solutions
by Llew Eynon 02 Mar, 2022
The Western Australia economy grew by only 0.1% for the December 2021 quarter, according to statistics released today by the ABS. WA’s slow growth rate… The post News: WA Economy Grows by 0.1% for December Quarter, 4.9% 2021 appeared first on LGAS.
Men looking at the computer screen | Perth, WA | LG Accounting Solutions
by Tash Lie 24 Feb, 2022
Reporting packs can be one of the best ways for businesses to get insight into what is really going on in their organisation and to… The post 3 Ways Reporting Packs Help Businesses Make Profit appeared first on LGAS.
Businessmen shadow in sunlight | Perth, WA | LG Accounting Solutions
by Tash Lie 17 Feb, 2022
The Commonwealth Government has introduced a Director Identification Numbers scheme. It may also be referred to as a Director ID. This scheme will require all… The post Director Identification Numbers: Do I Need One? How Can I apply? appeared first on LGAS.
Businessmen shadow in sunlight | Perth, WA | LG Accounting Solutions
by Llew Eynon 10 Feb, 2022
Start-ups are a driving force of the Australian economy, with over 300,000 start-ups entering the market each year. Australian start-ups are primed to thrive in… The post 3 Ways Australian Start-ups Can Thrive in 2022 appeared first on LGAS.
Man pointing upward | Perth, WA | LG Accounting Solutions
by Llew Eynon 03 Feb, 2022
For a business to make profit in Australia in 2022 it will take focusing on the basics while keeping in mind the context of this… The post 5 Ways Australian Businesses Can Maximise Profit in 2022 appeared first on LGAS.
Men looking at the computer screen | Perth, WA | LG Accounting Solutions
by Llew Eynon 21 Dec, 2021
2022 could be the perfect time to get started with an external CFO if you are a WA business. Not far into 2022 we will… The post 3 Reasons 2022 is a Great Time to Get an External CFO in WA appeared first on LGAS.
Businessmen shadow in sunlight | Perth, WA | LG Accounting Solutions
by Tash Lie 16 Dec, 2021
2022 is right around the corner which means that right now is the time to set your business goals for 2022. It is critical to… The post 3 Steps For You to Set Your 2022 Business Goals For Success appeared first on LGAS.
Virtual globe with news text and a hand | Perth, WA | LG Accounting Solutions
by Llew Eynon 01 Dec, 2021
Today the ABS released economic statistics for the September 2021 quarter for the Australian economy. The WA economy for September 2021 grew by 0.6%. Western… The post WA Economy Grows by 0.6% in September 2021 Quarter appeared first on LGAS.
Graph | Perth, WA | LG Accounting Solutions
by Tash Lie 17 Nov, 2021
The benefits of your cash flow budget flow through onto every area of your business. By way of definition, your cash flow budget is a… The post 3 Key Benefits of Your Business Cash Flow Budget appeared first on LGAS.
CFO text in a circle | Perth, WA | LG Accounting Solutions
by Llew Eynon 09 Nov, 2021
It can be a challenge to know if an external CFO is right for your business. External CFOs allow businesses owners to experience the value… The post 2 Ways to Know if Your External CFO is Right for Your Business appeared first on LGAS.
Men looking at the computer screen | Perth, WA | LG Accounting Solutions
by Tash Lie 04 Nov, 2021
External CFOs help businesses in a number of key ways which can shift a business’ direction and make it more profitable. In recent years, external… The post 3 Key Ways External CFOs Help Businesses Improve appeared first on LGAS.
Man pointing upward | Perth, WA | LG Accounting Solutions
by Llew Eynon 26 Oct, 2021
Inspiration and profit aren’t commonly thought of together, but if you want your business to be successful, inspiration is something you’ll benefit from. Business, profit… The post 3 Ways Inspiration Could Make Your Business Profit Increase appeared first on LGAS.
Share by: