Ensuring you're registered for the correct taxes is essential to running your business. Taxes can change over time, as governments amend, remove or introduce taxes.
There are several taxes that you may need to register for, depending on the size and type of business you're starting. Some registrations are optional, but can make life easier if you have them.
If you’re a small business with an annual turnover of less than $10 million, you may be able to access small business tax concessions
from the Australian Tax Office (ATO).
The Australian Taxation Office (ATO) has developed a Small Business Tax Time Toolkit
to help small business owners get it right this tax time, whether they use a registered tax agent or lodge their own tax return. The toolkit includes information about keeping good records, small business concessions, business expenses and more.
You should be aware of the different taxes that may apply to your business and how to register for them.
For information on the Australian Taxation Office's (ATO) Single Touch Payroll Reporting Requirements (STPR) for all employers visit the ATO website