Assistance for new business owners

The ATO has established the ‘Business Assistance Program’ to help new business owners understand their tax obligations associated with running a business.

Small businesses that have recently registered for an ABN, registered for GST or likely to register for GST in the near future and have a turnover of less than $2 million a year can access this program.

The ‘Business Assistance Program’ offers tailored tax support over a 12 month period and can help with:

• Tax obligations based on your business structure
• Registering for GST and GST obligations
• Employer obligations
• Super obligations
• Record keeping requirements
• Understanding business activity statements
• Using the ATO’s digital services.

Within 48 hours of submitting the online registration form for the program, you will receive a welcome email containing tax topics, links to useful information and information about the program.

Posted on 27 October '17 by admin, under tax.