Overview
These short videos discuss claiming deductions, GST, employing workers and more. Follow small business operators as they get answers on business structures, home-based business expenses, super, record keeping and other tax questions about their small business.
Starting your business
Are you in business?
This video:
- explores the differences between a hobby and a business
- indicates how to determine whether you are in business
- outlines what it means to be in business.
Media: Are you in business?
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqipExternal Link (Duration: 2:18)
Choosing your business structure
This video explains the business structures available to you and how tax may apply to the different structures.
Media: Choosing your business structure: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqicExternal Link (Duration: 3:26)
Goods and services tax (GST)
This video:
- explains how GST works
- indicates when you have to register
- outlines what you have to do when you are registered for GST.
Media: Goods and services tax: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqi3External Link (Duration: 4:55)
Business activity statements
This video looks at what an activity statement is and what to do when you receive your statement.
Media: Activity statements: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqiiExternal Link (Duration: 2:23)
Lodging and paying your tax
This video explains how to pay your tax and the options available to you if you are having difficulty paying, the options available to you.
Media: Paying your tax: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bq5External Link (Duration: 2:22)
Deductions you can claim
Business deductions
This video explains the expenses you can and can’t claim as a deduction in your business.
Media: Business deductions: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bqcExternal Link (Duration: 3:56)
Travel expenses
This video focuses on when you can claim travel expenses in your business.
Media: Business deductions - Travel expenses: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bqpExternal Link (Duration: 1:23)
Home-based business expenses
This video outlines what deductions you can claim if you operate your business from home or if you have a home office.
Media: Business deductions - Home office expenses: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bq4External Link (Duration: 4:30)
Workers
Before a worker starts
This video details the obligations and registrations required and employee or contractor.
Media: Before a worker starts
https://tv.ato.gov.au/ato-tv/media?v=bi9or7ornzkwexExternal Link (Duration: 3:00)
While someone works for you
This video explains your lodging and paying obligations once an employee or contractor is hired.
Media: While someone works for you
https://tv.ato.gov.au/ato-tv/media?v=bi9or7orfi3fwrExternal Link (Duration: 4:35)
When a worker leaves
The video outlines the entitlements you need to consider when a worker leaves.
Media: When a worker leaves
https://tv.ato.gov.au/ato-tv/media?v=bi9or7od9jsurxExternal Link (Duration: 1:32)
Fuel tax credits
This video explains who is eligible to claim fuel tax credits and what to do if you are eligible.
Media: Fuel tax credits: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiysetExternal Link (Duration: 4:31)
Record keeping
This video outlines what records to keep so you can meet your tax obligations.
Media: Record keeping: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiyse4External Link (Duration: 5:20)
Doing your business overseas
This video explains how tax applies to overseas business transactions.
Media: Doing your business overseas: Tax basics for small business
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiyse1External Link (Duration: 2:23)
Selling or closing your business
This video explains what you need to consider and what you need to do when you sell or close your business.
Media: Selling or closing your business: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiysjdExternal Link (Duration: 3:30)