A trust is an obligation imposed on a person - a trustee - to hold property or assets (such as business assets) for the benefit of others, known as beneficiaries.
What records do I need to keep?
Federal income tax is levied on the taxable income of a person or a business. Find out when you need to lodge your income tax return.
Find help and support
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.
Are you thinking of starting a business?
A company is a type of business structure. You may consider a company structure when starting or growing your business.
What are the tax rates for income
Fringe benefits are an important part of business and can be a useful way of attracting quality staff. However, if you're going to provide fringe benefits to your staff, you need to be aware of your taxation obligations.
Welcome to the New to Business Essentials module about interacting with government online.