Prepare for tax
Getting on top of your taxes now can make things easier in the long run. It can help you avoid penalties and make sure your business is taxed at the correct rate.
Which taxes to register
Not all taxes will apply to your business. It depends on the type of business you're starting, your activities and turnover. It's best to work out what taxes you need to register before you start your business.
Keep the right records
It’s important to know which records you need to keep and for how long. A good record keeping system can help you get on top of your records. It can also help you track your progress and seek finance if required.
Prepare to lodge tax
How you lodge your tax will depend on your business structure. Find out what you need to lodge and when a Business Activity Statement (BAS) is also needed. Don’t get caught out, find out what you need to lodge and the due dates early.