Episode 44 – New to Business
Tax inVoice
English - May 02, 2022 15:00 - 13 minutes - 32 MBGovernment Business ato podcast tax invoice super tax not for-profit tax crime superannuation small business individuals agent compliance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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:
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