When you are planning to start a business in Australia or you already have an established business, you need to know the various registration, Tax and Accounting requirements that are laid down.
Before you start transacting, you need to obtain a tax file number and get your business registered under goods and services tax. This will not only get your business entity legal, but will also help you in filing and claiming your returns.
If you are a sole proprietor or run a SME, generally the goods and services tax applicable to you would be 10% of total sales. You could get a cover due to the cascading cover provided by the government, under which you get a rebate for raw materials.
Contact us for any Tax and Accounting System regarding requirements.