Running a business: tax obligations

What do business owners need to know and do about tax and super? Find out more about how to set up a business.

Running a business: tax obligations
Type: Theory
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 7

    Australia’s only armed rebellion, at Eureka in October 1854, was over the high cost of a goldmining licence. If a miner did not have a licence on them, they were arrested and the arresting policeman received half the fine.

Balance sheet

A document summarising the assets, liabilities and net worth (or owner’s equity) of a business.

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