While you are running your business you are legally required to keep records of all transactions relating to your tax and superannuation affairs, specifically:
- any documents related to your business's income and expenses
- any documents containing details of any election, choice, estimate, determination or calculation you make for your business's tax and super affairs, including how (basis or method) the estimate, determination or calculation was made.
Information in this section is grouped into either the situation or the tax return or report that the records are related to.
Find out about
- Banking records – business
- Business activity statement records including GST, pay as you go, fuel tax credits, luxury car tax and wine equalisation tax
- Income tax return records – business including income, deductions, stock and assets, and personal services income
- Taxable payments annual report records
- Fringe benefits tax return records
- Employment and payroll records – business
- Contractor and supplier records – business
- Petroleum resource rent tax records
- Sharing economy records – business
- Crypto assets used in business
- Index – Record keeping for business