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 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

Medicare levy

An amount payable by most taxpayers to cover some of the cost of the public health system.

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