Max Newnham 
Tax For Small Business 
A Survival Guide

Don’t just survive tax time — discover how your business can
thrive through tax time!



Operating a small business isn’t easy. Each day business owners
are challenged with everything from supervising staff and
negotiating with suppliers to managing payroll and inventory
— and, ultimately, turning a profit.

Thankfully, ensuring that your business is tax-compliant is no
longer the ordeal it used to be. Tax for Small Business: A
Survival Guide is a must-have reference for Australian small
businesses, with all the information you’ll need to legally
minimise your tax and maximise your business’s profits. Topics
covered include:

* the Simplified Tax System (STS)

* income tax

* superannuation

* capital gains tax

* fringe benefits tax

* GST, BAS and PAYG

* worker’s insurance

* land tax.

Tabla de materias

Acknowledgements vi

1 Tax through the ages 1

2 Getting started: establishing the correct business structure 11

3 The Small Business Entities Simplified Tax System 34

4 Income tax 48

5 Paying your employees and your income tax as you go 73

6 Capital gains tax 88

7 Fringe benefits tax 98

8 GST 110

9 State and territory business taxes 133

10 Tax planning tips 142

11 Cars and tax 160

12 Minimising tax on selling a business 173

13 Surviving a tax audit 187

14 Getting the right advice 198

15 Questions and answers 204

Appendix 223

Glossary 237

Index 243

Resources 249

Sobre el autor

Max Newnham has worked as a chartered accountant for more than 30 years. For the past 15 years he has been a regular contributor to The Age and The Sydney Morning Herald on small business, tax and finance matters. Max is the author of two previous books: Super Made Simple: A Survival Guide and The GST Survival Guide — for Families and Small Business.