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Assistance for new business owners

Posted on October 26, 2017 by admin

The ATO has established the ‘Business Assistance Program’ to help new business owners understand their tax obligations associated with running a business.

Small businesses that have recently registered for an ABN, registered for GST or likely to register for GST in the near future and have a turnover of less than $2 million a year can access this program.

The ‘Business Assistance Program’ offers tailored tax support over a 12 month period and can help with:

Within 48 hours of submitting the online registration form for the program, you will receive a welcome email containing tax topics, links to useful information and information about the program.

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Types of business structures and which is best for you

Posted on September 24, 2020 by admin

An important decision to make before you start a business is what structure your business will run under. This will reflect into all facets of your business, so you should spend time understanding the implications of each structure.

Sole Proprietorship

Partnership

Company

Trust

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