Checklist for new business

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CHECKLIST FOR NEW BUSINESS OWNERSSelling or ceasing your businessBack to topDo you know… Why this is important Where you can find out Notes27. What if youdon’t go aheadwith yourIf you cease carrying on a business, orchange the legal structure of your business,you may need to:Tax basics for small business(NAT 1908) – Chapter 12 –Your business journey – Whatbusiness, or• cancel your ABN and other registrationsif you stop carrying on yourcease trading?business?More informationInternet• make certain GST adjustments on yourfinal activity statement, and• lodge final tax returns.You must apply to cancel your GSTregistration within 21 days of ceasing tocarry on an enterprise.The easiest way to get more information is to visit:PhoneCheck whether your state orterritory government has anyspecial requirements.• www.ato.gov.au to download publications, rulings and other general tax information for small businesses• www.abr.gov.au to apply for a tax file number (except for individuals) and ABN, and register for GSTand PAYG withholding• www.ato.gov.au/onlineservices to find out about our range of online services, including the Business Portal• business.gov.au for easy access to a range of business information, services and transactions with government.There are links to Tax Office applications to register for an ABN and GST, or to apply for a tax file number.Phone us on:Fax• 13 28 66 (general business enquiries) for information about most small business tax matters, including GST,ABN, pay as you go (PAYG) instalments, amounts withheld from wages, business deductions, lodging and payingactivity statements, activity statement accounts, wine equalisation tax, luxury car tax, fringe benefits tax andmatters for non-profit organisations• 13 10 20 (superannuation enquiries) for information about the superannuation guarantee, choice ofsuperannuation fund and the Super Co-contribution• 13 28 61 (personal tax enquiries) for information about individual income tax and general personal tax enquiries• 1300 720 092 to order Tax Office publications (see below).• Phone 13 28 60 to have information faxed to you about a range of tax-related topics.Free seminarsWe run small business seminars on a range of topics, including GST, PAYG, activity statements and record keeping.Visit www.ato.gov.au or phone 1300 661 104 to find out whether there is a seminar near you or to make a booking.Other services• If you do not speak English well and want to talk to a tax officer, phone the Translating and Interpreting Serviceon 13 14 50 for help with your call.• If you have a hearing or speech impairment and have access to appropriate TTY or modem equipment, phone13 36 77. If you do not have access to TTY or modem equipment, phone the Speech to Speech Relay Service on1300 555 727.PAGE 8 OF 9
CHECKLIST FOR NEW BUSINESS OWNERSHow to have Tax Office publications sent to youOrdering onlineYou can order our booklets, forms and other publications online, by following the links from ‘Booklets and publications’ to‘Online ordering’ on our website at www.ato.gov.au.Ordering by phoneThere are two ways you can do this:1. Using our automated service:• for businesses – 13 72 26 (if you have an ABN), or• for individuals – 13 28 65 (if you don’t yet have an ABN).This automated service is available 24 hours a day, 7 days a week. It is for people who know the name of the publicationthey want to order and have no other queries.Businesses have to state:• an ABN and the name of a contact person (not the business name) – we need this for delivery purposes, and• the name of the publication and number of copies required.Individuals have to state:• the name of the publication and number of copies required, and• a name and address for delivery purposes.2. Using our publications ordering service on 1300 720 092.An operator-assisted ordering service is available 8.00am to 6.00pm weekdays (closed on weekends and publicholidays).An automated publications service is also available on this number 24 hours a day, 7 days a week for people who knowthe name of the publication they want to order and have no other queries.© COMMONWEALTH OF AUSTRALIA 2006This work is copyright. Apart from any use as permitted under the Copyright Act 1968,no part may be reproduced by any process without prior written permission fromthe Commonwealth available from the Attorney-General’s Department. Requestsand enquiries concerning reproduction and rights should be addressed to theCommonwealth Copyright Administration, Copyright Law Branch, Attorney-General’sDepartment, Robert Garran Offices, National Circuit, Barton ACT 2600 or atwww.ag.gov.au/ccaPublished byAustralian Taxation OfficeCanberraJuly 2006PAGE 9 OF 9
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Checklist for new business

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