A range of taxes affect small business, so before you begin operating you'll need to know what you must do to comply with government taxation regulations.

• Register for an Australian Business Number (ABN)
  The Australian Business Number (ABN) is a unique 11 digit identifying number that businesses use when dealing with other businesses.

• Register for Fringe Benefits Tax (FBT)
  FBT is a tax payable by employers for benefits paid to an employee or the employee's associate in place of salary or wages.

• Register for Goods & Services Tax (GST)
  The Goods and Services Tax (GST) is a broad-based tax of 10 percent on the sale of most goods and services and other things in Australia.

• Register for Pay As You Go (PAYG) withholding
  Pay As You Go (PAYG) withholding is a legal requirement to withhold amounts for income tax purposes.

• Register for a Tax File Number (TFN)
  A Tax File Number (TFN) is a unique number issued by the Tax Office to individuals and organisations.

• Register for Pay-roll Tax
  Pay-roll tax is a state tax on the wages paid by employers. It is calculated on the amount of wages you pay per month.

This information is brought to you by business.gov.au and Cairns Chamber of Commerce
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