If you have employees, workers' compensation insurance is mandatory. This protects your employees when work-related accident or illness occurs.
If you're thinking of starting your own business, you’ll need to look at the different business structure types and work out which structure best suits your needs and business plan.
Last Updated: 29 June 2018
Use the Business Registration Service to help you get your business up and running.
Provides farms and agri-businesses in Tasmania with low interest loans of up to $1.5 million to develop the agricultural sector.
Who can apply:
At a minimum, you must:
- have an Australian Business Number (ABN)
- operate as a sole trader, trust partnership or private company
- have a business project that contributes to the Tasmanian Government's Agrivision 2050 plan.
Other eligibility requirements may apply.
Review if your business structure is still right for you as your business grows.
The taxes you must register for depend on the type of business you’re starting. Some tax registrations apply to all businesses and others may be compulsory depending on your business’ size and type.
Do I have full control over the business?
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.
What is the tax free threshold
Last Updated: 12 June 2018
What can you claim as a tax deduction this year?