ATO Guide for Small Businesses
Here is a great guide for small businesses and contractors which goes through in detail all the tax obligations and entitlements of small businesses.
We think it is a hidden gem and its actually hard to find now as it was an old guide back in 2011.
If you operate a small business as a sole trader, partnership, company or trust you have to check out this guide!
In summary it goes through all of the following:
- Record keeping
- Income tax & deductions
- Business losses
- Contractors & Consultants
- Tax concessions for small businesses
- Activity Statements
- Tax returns
- Paying your tax
- Growing your business
- Selling or closing your business
Download the guide here: