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Business Tax Tip – Starting your own business in Australia – Responsibilities

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Published on Thursday, 10 March 2022 11:14

Starting a business? Do you know your tax and super responsibilities? The ATO (Australian Tax Office) have many things to support you with the running (and start-up) of your business.

Here is what is available with some explanation -

From ATO site -

When you start a business, there are tax and super responsibilities you need to be aware of, including:

• the tax implications of your business structure
• whether you're entitled to an ABN
• registering your business
• records you need to keep
• deductions you can claim.

We provide information about the key things you need to know and do when starting your own business.

Find out about:

• Before you get started
• Getting up and running
• Reporting and paying tax
• Supporting your small business
• Business Assistance Program

For your tax and super basics, this video is a good starting point:

 

Need Help? - Email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 0407 361 596 Australia

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