Blog & Resources

What tax obligations will you have when commencing a business?

In addition to the income tax that you would already be liable for as an employee, others may include depending on certain factors:

  1.  Company tax
  2. Goods and Services Tax (GST)
  3. Pay As You Go (PAYG) Withholding
  4. PAYG Instalments
  5. Fringe Benefits Tax (FBT)
  6. Payroll Tax
  7. Stamp duty  

Depending on your size if your business you may be liable to pay the liabilities on a monthly, quarterly or annual basis.

 

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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