I have just set up a small business in my local community. I have an ABN. It is a small clothes business supplying shops and markets. I get income from different sources and I want to make sure that I comply with the tax law because I do not want to commit any tax offences.
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Answer by LegalEagle™ staff, Bronte 2024 NSW
- There are special tax laws in place for businesses that you will need to find out about. These laws are different to income tax laws.
- The best way to make sure you comply with the law is to know exactly what laws apply in your situation.
- When you first set up a business there is a lot of information available on government websites such as:
- A specialist lawyer can also give you information and legal advice about complying with the law to make sure you do not commit any offences.