Tax crash course for small business owners ft. ATO Assistant Commissioner

Taking on your first employee is indeed a significant step for any business owner.

In this episode, Peta Lonergan, ATO Assistant Commissioner for Superannuation & Employer Obligations, shares reliable sources to guide business owners through what they need to know when hiring an employee.

We chat about paying taxes, setting up your employee's superannuation, fringe benefit tax and much more.

• Before you hire your first worker | Australian Taxation Office
• Essentials to strengthen your small business
• Hiring employees checklist | business.gov.au
• Fair Work Ombudsman 
• Applying for other registrations | ABR 
• Super for employers (ATO Guide) 
• Registering for FBT | Australian Taxation Office
• Difference between employees and independent contractors
• Hiring a new worker | Australian Taxation Office
• PAYG withholding | Australian Taxation Office
• Tax tables | Australian Taxation Office
• Tax withheld calculator | Australian Taxation Office
• ATO tax on shares explained (full 2024 guide for share investors & traders) | Rask Media
• Investor tax return masterclass ft. ATO Assistant Commissioner | Rask Media
• Free business course by Owen Rask

AUSTRALIAN BUSINESS PODCAST RESOURCES

• Free Business Owner Community
• Free Marketing Call with Zara
• Inflection Accelerator Program

Rask Resources

• Access Show Notes
• Invest with Owen
• Mortgage Broking
• Financial Planning
• Property Coaching
• 100-point property checklist (PDF)
• Accounting with Grey Space
• Business Coaching
• Rask Core – DIY investing
• Owen’s FREE investor bootcamp
• Ask a question

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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