What does this mean?
Your correct registrations explained
Another topic that sounds big and scarey and complicated, however is not one to fear or ignore.
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Business Compliance Explained
In this section we are going to step through some acroymns and what they are, what they mean and also give you a guide to when you need them in your business.
First thing to remember, don’t fear the ATO. Gone are the days when they are the scarey agency like you see on the movies about the IRS. It’s just not the case. Do note though, ignoring them never helps.
What is a Business Compliance?
Simply put, business compliance comes down to all your nitty gritty ATO registrations and lodgement requirements that come with running a business in Australia.
When should I consider?
From the moment you begin your business, you should start thinking about your ATO compliance. Even before you start trading. Your purchases for your start up equipment can be impacted by your ATO registrations before you even see your first patient.
How do I decide?
It always pays to get expert advice.
We have partnered with a BAS Agent & TAX Agent to help guide you in this process.
Click here to find them on our partners page
Where to register…
If you decide to play it solo in your registration processes, you can do this online through the Business Portal
This is a free portal supplied by the ATO.
However, we highly recommend seeking advice before proceeding, either from phoning the ATO or speaking with a professional.
Want to learn more about business?
We want to help you in your business journey. We have made quick online courses to assist you with great advice, direction. Each module is designed to specifically guide you and step you through process options so you can DIY your business set-up.