EOFY time again. Are you tax ready?

With 30 June creeping up on us, it’s the right time to get organised for the end of financial year. So get in touch with some of our friendly local businesses who are nuts about the numbers…

There will be some of you that have already started chatting to a financial adviser. We asked Bobby and Krystal at Ultimate Tax their top 5 pieces of advice for an easy tax time for business owners. 
1. Do some ‘tax planning’ to see how things are looking at the current rate. Figure out what can be put in place to minimise any tax consequences.
2. Review your current tax structure and see if it’s working for you.
3. Review your profit & loss and balance sheet. This is definitely something business owners don’t do enough! 
4. Are your income and expenses correctly coded? Make notes of where you should cut/increase spending next year.
5. Could the increased $30,000 instant asset write-off be of use to your business?

Bobby at Ultimate Tax is itching to see if he can save you some $$$ this financial year. It’s not too late to find out more, go to Ultimate Tax and book an appointment.

It’s not only businesses that need to make sure they are tax ready. 

Donna at Raymond K. H. Ho & Associates Pty Ltd (CPA Accountants) has kindly broken down for us the big topics this year. And it’s all about making sure you have everything to prove you are claiming the right tax. 
She writes:
“A consistent theme this year is the over claiming of expenses and under reporting of income. With the Australian Taxation Office getting more sophisticated in its data matching, taxpayers can expect greater scrutiny. To claim a deduction, you need to have incurred the expense, with a record proving you incurred the expense and it relates directly to your work. This also means ensuring that you only claim the work-related part of items you use personally, such as mobile phones and internet services.”

What’s new in Superannuation?

This is the first year of new measures that enable people who have been out of the work force to top up their superannuation.
If you have:
• A total superannuation balance below $500,000 as at 30 June; and
• Not utilized your entire concessional contributions cap ($25,000) for the year.

Then you can ‘carry forward’ the unused amount on a rolling 5 year basis.

What’s new in Business?

Donna explains: “Single touch payroll (STP) reporting has changed the way businesses report salary and wages, PAYG withholding and superannuation contribution information to the ATO. From 1 July 2019, all business will need to use STP although there is some leniency for micro businesses struggling with implementation.” 

At this taxing time (!) it’s good to know there is someone like Donna right here on Beaufort Street who knows what to ask and where to start, so get in touch Raymond K. H. Ho & Associates Pty Ltd

Going Krazy for new business Kustom Klaws

10 With… Kustom Klaws

Ever since we caught wind of a new business opening up the northern end of Beaufort Street, we were curious. The shop – one of the cutest shop fronts going – was always a shame being empty. Then, over the course of a weekend in April, it was PINK with beautiful black Art Deco features, we took a little bit more notice and decided to see just who this little pink shop belonged to. Inglewood, meet Kenjai from Kustom Klaws…

1// How long have you been in business?

Not long! Officially only 12 months. We’ve been running out of a beauty salon in Claremont for the last year and now it’s time for us to spread our wings and fly! In our short 12 months in business, we’ve quickly established ourselves as a multi-award winning, boutique salon. 

 2// Tell us about yourself – what is your background?

A lot of my clients know me from my time as a burlesque performer. I’m an international, multi-award winning burlesque performer. Until last year I was quite an active performer and have toured the world performing burlesque. 
Business life has kept me too busy for the stage, but I’m making a sneaky come back…. in fact, people can catch me in June, I’m one of the top 8 finalists competing for the Miss Burlesque WA State final at the Astor Theatre!
But by day… I was a sad little public servant until 2017 when I was made redundant. I took it as a sign from the heavens and decided to throw caution to the wind and follow my dreams to have my own little shop. I studied nights at the beauty academy and worked really hard. It’s been fun, exciting and terrifying, but I wouldn’t change a thing!

 3// What’s your business story?

I really love pretty nails and wanted to create a special little business that combines rad nails, with amazing service at a high quality. I think of our salon as a “sanctuary for women”, a pretty little space where they can escape the everyday stresses of work, life, kids or anything else. They can just come, relax, have a gossip, vent about their problems, laugh and then leave with rad nails! Our clients love the hang out, as much as they do the nails. 

 4// Why Inglewood? 

There was never any question about it! I’m an Inglewoodian, born and raised. I grew up all along Beaufort St, went to school at Inglewood primary and Mt Lawley high, and I own my apartment on Beaufort St. I love Beaufort St and Inglewood in general. So it was really important to me to bring my little boutique salon here. I wanted to be part of the local culture and help contribute to the local economy. I’m so proud to be a Beaufort St homeowner and now a Beaufort St business owner too!

 5// Can you describe your customers?

I’m what you’d call a “destination shop”, my clients come from all over Perth. From Rockingham to Yanchep and everywhere in between. We service women of all walks of life, all ages and styles. Because we do everything from simple mani’s to big crazy blingy acrylics, we really do have a diverse client base. 

 6// What gets you out of bed in the morning?

I believe in my little empire, I adore my clients and I love my job. I never have those days where I dread getting out of bed. I’m so blessed to be able to do what I do!

 7// How do you advertise your business? 

On the socials! Most of our advertising goes through social media. Instagram is where we really buzz because clients can see our work. Check out Kustom Klaws for yourself people – it will brighten up your daily scroll

 8// What does a typical day look like for you?

Nails, nails, nails! Everything from simple mani’s to blinged out crazy acrylics. We do it all. I do nails 6 days per week and behind the scenes business stuff 7 days a week. Building an empire never ends. 

 9// Most memorable facepalm moment?

Oh man… so many… perhaps one of the most recent was when I started painting our new shop. I got half way up the walls when it dawned on me… “oh how am I going to paint up these 4 meter high ceilings!!”. It never crossed my mind. Anyway painting was delayed until the scaffolding came in… I don’t know how I overlooked that! So our shop was half painted for a couple weeks until we got that organised! 

10// What’s the most rewarding thing about running your own business?

I get to do what I love every day. Life never feels like a chore and I’m so grateful for that! I love that we can positively impact a woman’s self-esteem and confidence. They always walk out with a little extra sass in their step!

11// What’s the most surprising thing about running your own business?

How little I actually knew about running my own business… I guess you don’t always know what running your own business actually means until you’re deep in it. I’ve had to work really hard at not only becoming an amazing nail stylist but also becoming a strong business woman. I feel like I’ve still got a long way to go before I’m truly queen of my empire, but I’m still learning and pushing myself every day. 

12// What’s the smartest thing you did for the first year of your business?

I took every learning opportunity I could. I went to every business course, summit, expo everything! Never stopped learning and trying to improve. Everything I’ve been to, has helped me in some way. I’m still new to business and still just figuring it out as I go.

13// Company’s motto?

BOSS nails for BOSS women!

14// Who is your role model(s)?

Lydia Kypros who owns Bronze Bombshell Beauty – the salon that I’ve been running my business out of the last 12 months. Lydia really embodies what a fantastic business owner and leader should be. I really didn’t realise how much she would influence me during my time there. When faced with decisions, I often think “what would Lydia do?”. I feel like if I can be half the leader she is to her team, then I’ll be doing ok. 

15// Favourite coffee haunt?!

Betty and Dave’s!, its right next to my apartment so I can be frequently found loitering there. But also our neighbours at Chef and Co, have kept us caffeined up during salon renovations. 

16// Guilty pleasure?

Boney M – don’t judge!

17// Your building is pretty amazing, was that a factor of moving in?

It ticked a lot of boxes for me. The location was right and the building was beautiful. Our salon is largely influenced by vintage styling so this little art deco shop is perfect for us. It’s how I always pictured our shop would be!

Kustom Klaws opened on May 1st and has already had a charity weekend event ‘Claws for Claws’ where the proceeds went to a cat charity, Cat Haven WA. Philanthropic, Burlesque performing Boss Lady! Go and support Kenjai and check out the Pedicure Garden in the shop – it’s amazing.

Kustom Klaws

1004 Beaufort St Inglewood
Opening hours:
Mon-Fri 9-9
Sat 10-5

Website
Facebook
Instagram

Beaufort Street’s newest friendly Thai restaurant!

10 With… Kasama’s Thai Kitchen!

Even more reason to get excited at the Inglewood end of Beaufort Street! Another business has opened its doors to the locals. We catch up with the newbies in the ‘Wood.

We have been long time fans of Kasama and her food truck at the Inglewood Night Markets for the past few seasons. Nothing can beat her and the team’s enthusiasm for authentic, freshly made-to-order Thai food – all served with her trademark winning smile.

Kasama and Neil in front of their new premises

Not to rest on their laurels, Kasama and her partner Neil have over the last few weeks been setting up their first bricks and mortar shop on Beaufort Street, so we had a sit down in the ‘nearly finished’ space at 850a Beaufort Street to talk about the journey so far…

1. What’s the story so far?

Kasama’s Thai Kitchen is about three years old and there is no sign of slowing down for the pair! But Kasama’s journey with food started at a much earlier age. For Kasama’s formative years, she was raised by her grandmother (Kasama lovingly refers to her as ‘Granma’.) and she taught her to cook in a very holistic way. When she returned from school she would help her Granma in the kitchen – but she was only allowed to observe for many years. This taught Kasama that creating food dishes is creative, soulful and comes from the heart. All of Kasama’s inspiration comes from her Granma and her teachings. It has given Kasama a unique way to cook and she says it’s a “spiritual experience”.

2. Why did you choose Inglewood?

After looking around in neighbouring areas (Neil and his family have been in the Bayswater area for 25+ years) they decided upon the Inglewood Beaufort Street strip because of the regeneration of the old Bunnings site to a Woolworths, as well as its proximity to the Monday Night Markets. The area is on the up in their eyes and they want to be part of the reinvigoration and be part of the hustle and bustle.

3. What is a typical day for Kasama?

After getting a daily fresh food delivery, Kasama preps all of the food for their upcoming events. Kasama doesn’t stop thinking up ideas and dishes so she is constantly on the go!
The food truck is in use up to 5 days a week and as Kasama makes everything to order, the prep work is chopping, peeling and making sauce bases from scratch every day.

4. What’s the most surprising thing about owning your own business?

Both Neil and Kasama love the freedom that comes with being your own boss. They are producing a quality food product and that takes time and effort to make sure it is perfect, every time. Kasama sometimes cooks until 3am in the mornings to cater for the 360 meals made to order in the food truck on any given night!

5. What are your business neighbours like?

Neil and Kasama have not wasted any time in introducing themselves to their neighbours; Alan the hairdresser directly opposite, Tom at Hoodburger and the neigbourly love is being reciprocated with the boys from the tattoo shop helping with the shop fit-out, Fitness 858 donating a whiteboard for the kitchen and Natalie from Vintage Hairess already having Kasama in for a little pamper! It’s safe to say that they are making themselves at home in the ‘hood!

6. What will be the food theme of the shop?

Kasama has a strong vision for the shop food – and that is to showcase her Granma’s unique Thai food. Unlike Westernised versions of Thai food, Kasama grew up in Bangkok and the food from that area is the recognised national food of the country.  Granma’s style and freshness is as authentic as it gets and that may be very different to what Australians are used to!

7. Have you met any Perthanalities yet?!

While scoping out the area, Neil and Kasama were enjoying a spot of salami at Mondo’s Butchers. We all know that if Vince is in, he’d love to meet you and that’s exactly what Neil decided to do! 

8. Any funny stories?

With Kasama being Thai and Neil a local Aussie boy, there is sometimes a little lost in translation moments! One such moment was when Neil was sent out for ‘coconut’ and trawled several places looking for a whole coconut. Coming back empty handed, Kasama was surprised that he couldn’t find any – so sent one of the staff out to get coconut. And soon came back with a can of coconut milk, just as Kasama wanted! 

9. Just how many food trucks have you owned?

In just three short years, not long after meeting, Neil and Kasama quit their day jobs (office work and Baldivis Farm respectively) and bought a small food truck to start trading from. Kasama cooks EVERYTHING in the truck and it became apparent after one full season on the Perth food scene that a bigger truck was required! Operating for two years as a food truck vendor has made them realise that in order to cater to their growing devoted authentic Thai food fans, they need even bigger premises to cater from, and the restaurant/shop was created to fill that need. Working as a professional kitchen to cater for their food truck business, they will also have approx. 30 covers in their restaurant! 

“It seemed like the next step on our journey” Neil.

10. Company Motto?

Fresh and healthy. 

“Everything is made with love, just like Granma taught me” Kasama.

11. Favourite Kasama’s Thai Kitchen dish?

Kasama is a BIG fan of fish and eats that most of the time.  The favourite of the markets is the Pad Thai, which uses authentic Bangkok ingredients and that is what differentiates it from the rest. But Kasama couldn’t choose her favourite as she loves everything that she makes. To her, they are all as good as each other.

12. What has been the best thing about starting Kasama’s Thai Kitchen?

Both Neil and Kasama have lots of people that have been huge supporters of their venture – the patrons that keep coming back for more and telling their friends to try it. But behind the scenes the best thing has been their families. Kasama’s Granma who raised her in Bangkok and shared her amazing gift with food with a young Kasama and her father who let Kasama trade a little food shop next to his aged 14. Neil’s family have been instrumental in making Kasama’s Thai Kitchen a success; supporting the talent and abilities of Kasama and even helping out in the food truck in the early days. 

They opened its doors in Late March. It’s was delayed due to making sure the kitchen and fit out is as they wanted it. The site was quite messy (and very pink!) and the team have been transforming the space into  a pleasant place to sit and enjoy some authentic Thai! The food truck is also being catered for, with a new paved area to the rear to call home, so paving has been put down to make sure the truck is as comfortable in its new home as the patrons will be in the restaurant area!

From looking for premises to opening in just 8 WEEKS. Amazing work guys!

What is plain to see about Kasama’s Thai Kitchen is the passion that stems from everyone involved. The boundless energy and belief in the food and HOW it has been produced. Quality and authenticity is what makes Kasama’s food different from the rest and I bet that million dollar smile will win the hearts of many an Inglewoodian along the way!

Kasama’s Thai Kitchen
850a Beaufort Street
Telephone: 0411 330 688
Facebook: https: @kasamasthaikitchen
Website: Kasamas.com.au

To read more about the amazing businesses on Beaufort Street, take a look through our blog pages: Chef and Co, and Hoodburger.