Small business tax concessions are available whether you operate your business as a sole trader, partnership, company or trust.
Yes, you can employ staff as both a sole trader and company business structure.
Last Updated: 21 November 2017
Now there’s a single import declaration for consolidated cargo…
A partnership is a business structure that involves a number of people who carry on a business together. You may choose a partnership over a sole trader structure for example, if you'll be jointly running the business with another person or a number of people (up to 20).
When your business runs into financial trouble, take the time to seek advice and support as soon as possible, to understand what options are available.
Starting an online business means applying for a business name, and finding out what licensing and permit requirements apply in your state or territory. You'll also want to get an internet domain name for your website after you figure out your business structure and apply for an ABN.
Read our Tax topic for information on the how taxation applies to business, including taxation and your employees, income tax, land tax, GST, capital gains tax, rates and taxation when selling or closing a business.
Are you employing people? Although good employees can be your greatest asset, they may also be your greatest cost. Recruiting, keeping and training the right people can play a big role in achieving business success, so it's important to plan ahead when taking on employees.
Information on employer obligations to make superannuation guarantee contributions for eligible employees and choice of super fund, Australian Taxation Office requirements and payment cut-off dates, and the Small Business Superannuation Clearing House.
Free business templates, checklists, and toolkits to help you plan, start and grow your business.