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?

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Business tax
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How is business tax collected?
Task C6.1 Preparation of a business activity statement
Task C6.2 Keeping business records
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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.

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Wacky facts

  • Fact 9

    The Australian Taxation Office started as the Commissioner of Land Tax in 1910 with a dozen employees. It was based in the Department of Treasury, situated in Melbourne, which was the seat of the Commonwealth Parliament until 1927.

Glossary

Growth phase

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

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