Tax basics for small business

Get the right advice

Once you have decided that you want to start a business, the following information sources can help get you off on the right foot:

• talk to a financial adviser or small business advisory service
• ask your local council or state government office how to contact organisations in your state that can provide free assistance
• look under 'Small business' in the Yellow pages.

These organisations can help you plan your business and get access to the financial support you need.

Talk to successful people in a business similar to yours. Ask them what their experience was when they started and what they did that made their business a success?

Research what other rules or regulations will apply to you. The internet is a great source of information if you are looking to start a business. Check out your local, state or federal government websites.

Visit business.gov.au for useful information about: business structures forming a company accessing finances business licences complying super funds payroll tax workers compensation.

Sections within Starting your business

• Get the right advice
• Working out if you are operating a business
• What is an enterprise?
• Characteristics of a business
• What is a non-profit organisation?