Overview
These short videos discuss claiming deductions, GST, employing workers and more. Follow small business operators as they get answers on business structures, home-based business expenses, super, record keeping and other tax questions about their small business.
Starting your business
Are you in business?
This video:
- explores the differences between a hobby and a business
- indicates how to determine whether you are in business
- outlines what it means to be in business.
Media: Are you in business?
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqipExternal Link (Duration: 2:18)
Choosing your business structure
This video explains the business structures available to you and how tax may apply to the different structures.
Media: Choosing your business structure: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqicExternal Link (Duration: 3:26)
Goods and services tax (GST)
This video:
- explains how GST works
- indicates when you have to register
- outlines what you have to do when you are registered for GST.
Media: Goods and services tax: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqi3External Link (Duration: 4:55)
Business activity statements
This video looks at what an activity statement is and what to do when you receive your statement.
Media: Activity statements: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfurqiiExternal Link (Duration: 2:23)
Lodging and paying your tax
This video explains how to pay your tax and the options available to you if you are having difficulty paying.
Media: Paying your tax: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bq5External Link (Duration: 2:22)
Deductions you can claim
Business deductions
This video explains the expenses you can and can’t claim as a deduction in your business.
Media: Business deductions: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bqcExternal Link (Duration: 3:56)
Travel expenses
This video focuses on when you can claim travel expenses in your business.
Media: Business deductions - Travel expenses: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bqpExternal Link (Duration: 1:23)
Home-based business expenses
This video outlines what deductions you can claim if you operate your business from home or if you have a home office.
Media: Business deductions - Home office expenses: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfw7bq4External Link (Duration: 4:30)
Workers
Before a worker starts
This video details the obligations and registrations required and employee or contractor.
Media: Before a worker starts
https://tv.ato.gov.au/ato-tv/media?v=bi9or7ornzkwexExternal Link (Duration: 3:00)
While someone works for you
This video explains your lodging and paying obligations once an employee or contractor is hired.
Media: While someone works for you
https://tv.ato.gov.au/ato-tv/media?v=bi9or7orfi3fwrExternal Link (Duration: 4:35)
When a worker leaves
The video outlines the entitlements you need to consider when a worker leaves.
Media: When a worker leaves
https://tv.ato.gov.au/ato-tv/media?v=bi9or7od9jsurxExternal Link (Duration: 1:32)
Fuel tax credits
This video explains who is eligible to claim fuel tax credits and what to do if you are eligible.
Media: Fuel tax credits: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiysetExternal Link (Duration: 4:31)
Record keeping
This video outlines what records to keep so you can meet your tax obligations.
Media: Record keeping: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiyse4External Link (Duration: 5:20)
Doing your business overseas
This video explains how tax applies to overseas business transactions.
Media: Doing your business overseas: Tax basics for small business
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiyse1External Link (Duration: 2:23)
Selling or closing your business
This video explains what you need to consider and what you need to do when you sell or close your business.
Media: Selling or closing your business: Tax basics for small business.
http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubfiysjdExternal Link (Duration: 3:30)