Business tax investigates the advantages and disadvantages of different business structures, and the requirements involved in running a business. Choose a topic to investigate or use the breadcrumbs to return to the course overview page.

How is business tax collected?

Course categories: 
Business tax
Group: 
Subscribe to course
Activity required for the course validation: 
How is business tax collected?
Task C6.1 Preparation of a business activity statement
Task C6.2 Keeping business records
Hide from Catalogue: 
No
Group roles and permissions: 
Override default roles and permissions

A business activity statement (BAS) is used by businesses to report and pay tax obligations. Prepare a sample BAS and discuss strategies for keeping business records.

Activities

Activities allow teachers to assess students and provide slideshows with course content and/or questions.

Forum

Forums allow teachers and students to communicate.

Wacky facts

  • Fact 6

    'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.

Glossary

Growth phase

A superannuation investment prior to the time when an individual can withdraw funds.

read more glossary terms