Quick tax test: Business tax

Step 1 of 25

A business is defined as an activity where:

a. goods are sold from a store or online

b. services like lawn mowing are carried out

c. a person sets up an activity to sell goods or services to make a profit

d. two partners set up a business to repair motor vehicles.

  • Fact 5

    In 1917, during World War I, the price of admission into a place of entertainment was taxed. Auditors attended race meetings, theatre and picture shows to ensure the tax was being paid. This tax was also imposed from 1942 to 1953.

Sole trader

A person who owns and operates a business for themselves.

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