powered by
In this episode of Tax inVoice, podcast host David Jepsen is joined by Assistant Commissioner of Small Business Experience Andrew Watson to discuss tips on starting a new business, what tax and super obligations need to be met and the helpful resources available to all business owners.
Your operations are considered a business activity if your work is planned, repeatedly conducted in a businesslike manner and undertaken with the intent of making a profit.
To start your new business on the right foot, make sure to do research and plan out your approach. This will assist in deciding on a business structure, what records need to be kept and the best method to meet your tax and super obligations.
The ATO has a number of resources available to assist new business owners and help them succeed in their new ventures.
For more information visit:
■ ATO podcast in your language