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.

Mục lục

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

Giới thiệu về tác giả

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.