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ATO Free Tax Seminars - Small Business

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ATO Free Tax Seminars - Small Business
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ChickenTalon on 16/06/2014 - 13:27 ato.gov.au (550 clicks)
Last edited 16/06/2014 - 14:01

Seems pretty handy if you've got the time and want to save money doing your own small business tax, or want to make sure you're getting the right advice in some areas. Also gives you the opportunity to ask questions, although i suspect the answers will be pretty guarded… You need to book in to the individual sessions. Click on the topic to find a date.

Each of the 13 webinars is 45 minutes and they run repeat sessions. A lot of sessions are run every fortnight and the popular ones are, on average, every week.

You can join using this software on your iOS/android/windows device
http://www.gotomeeting.com/online/webinar

Also has some free seminars in other areas:

  • Rental property owners
  • Trustees of SMSFs
  • Construction industry - Taxable payments reporting

The Australian Taxation Office (ATO) is conducting seminars for small business via webinar.

Webinars are online seminars that:
• allow you to participate over the internet using a computer, smart phone or tablet
• let you attend from the convenience of your home or office
• save you time and money
• have a chat facility so you can ask the presenter questions.

Series one - Tax basics for small business

Who should attend?
Small business operators, and those just starting or thinking about starting a new business, should consider participating in these free tax webinars.

Why should you attend?
You will learn about tax issues relevant to owning and operating a small business and receive practical tips for your business.

What will be covered?
Each of our webinars will explore a specific tax issue for small business, including:
• Tax basics introduction
• Income tax deductions
• Home-based business
• Motor vehicle deductions
• Concessions for small business
• Activity statement essentials
• Goods and services tax
• Budgeting and record keeping
• Small business assistance
• Employer obligations overview
• Super obligations for employers
• Issues for contractors

Financial ATO Income Tax Return Small Business

Related Stores

Australian Taxation Office
Australian Taxation Office

closed Comments

  • alvian on 16/06/2014 - 13:32
    +2

    Always have been, always will be free. Move to forum?

    • ChickenTalon on 16/06/2014 - 13:50

      As someone dabbling in small business it seemed like a deal to me! This stuff is normally very expensive to talk about…

      • 4agte on 16/06/2014 - 14:03
        +1

        But he is right it has always been free. ATO have never charged and probably never will charge for their courses offerred to the public

  • blitz on 16/06/2014 - 14:57
    +2

    Threads like this are like those CIA documents with black marker all over them

    • ChickenTalon on 16/06/2014 - 15:01

      A lot of wasted angst!

      There was a bit of confusion. The seminars have a few sessions and are repeated. JV thought some of them had already run.

  • Snoop on 16/06/2014 - 15:37

    Without a doubt it's great to have some knowledge in these fields when running a small business… but don't think for a second that the information you'll gain from this is even close to thorough enough to do it yourself! It could cost you thousands, tens of thousands, even hundreds of thousands if you end up doing something silly enough and lose your house!!!
    My advice, speak to a couple of small business tax agents, choose one that you feel comfortable with and is happy to give you the time to explain the reasons why they suggest you take certain actions… But most importantly, listen to and pay for thier proffesional advice. You'll find that you save yourself a lot of time, money and hassles in the long run!!!

    • sickllama on 16/06/2014 - 16:02

      Depends on the size of the business and what your comprehension skills are like. Small Business obligations aren't that complicated. Besides there are lot of accountants out there that give sub optimal advice.

      If you're pretty switched on and have the time and will, give it a go. Be ethical too - treating your employees as contractors or not paying super will bite you.

      If you're an excellent business person but have poor comprehension skills find a good accountant.

      • sickllama on 16/06/2014 - 16:07

        Oh and if you go down the accountant path, make sure they're a CA or CPA (googles your friend if those don't mean anything to you)

      • Snoop on 16/06/2014 - 16:44

        I like how you've stated that… Small Business obligations! You are indeed correct, they're not that difficult to meet if you can learn and/or posses a basic knowledge of these obligations. The costly part for the majority of small business owners is not seeking professional advice to help show them ways to improve on thier tax obligations… or asking them to explain the reasons behind their advice!

        My wife used to work for a large accounting firm that deals mainly with larger corporations. They were quite helpful in a lot of the setup of our company/ies, but after a while we found that they could not tailor themselves enough to suit our situation or requirements… Not to mention the expense!!!
        Since changing to our current accountant approx 2 years ago we have already personally saved thousands, and tens of thousands for the business. She is much more willing to answer our concerns and explain the reasoning behind her advice and what effects it will have in the future.

        The detailing in tax laws are now so complex, and there are so many ways to lessen your debt, that it pays you to go seek professional advice! There's so much more to it than simply filling in a BAS!

        • check on 16/06/2014 - 18:08

          I found that one has to do all the work for the accountant before they can start anyway!

          So now I do it myself. Not at all hard to do.

        • sickllama on 16/06/2014 - 18:48

          Sounds like you've got an excellent accountant - hold on to her! It also sounds like your business is in the medium to larger end of "small business" and this is where good advice can really pay off.

        • manno786 on 17/06/2014 - 07:08

          Again i think where most people go wrong is they think all accountants are just accountants and bigger the firm the better they would be, it is entirely untrue; The effectiveness of an accountant to your business depends on how closely can they advise you about your business and how keen they are to make you grow. Usually i would say this Accountants are like doctors, they specialize in different industries, in different market segments and in different areas of accounting. What matters is to classify the business itself first of whether you are an SME (small and medium enterprise), just SE(small enterprise), SE with single director or sole trader. Once you have made that choice then u r in a better position to ask for help.

          Regards
          Mohsin
          www.manjeesaccountant.com.au
          [email protected]

    • manno786 on 17/06/2014 - 07:02

      Best advise someone would ever give and i am not just commenting because i am a tax agent but because i know what kind of liability you will expose you too if you donot plan effectively. I tell people all the time that ensure the foundation of your business is correct, make sure you pick up the right structure for your business before you start trading because last thing you want is ATO behind your back or you being extra smart by exposing yourself to more tax :)

      Regards
      Mohsin
      www.manjeesaccountant.com.au
      [email protected]

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