December 21, 2015

Tax Matter For Closing A Business

There are a number of tax matters you may need to deal with if you: register a business but don’t actually start the business change your business entity type because you restructured your business stop operating your business sell the business wind up your company. These tax matters may include: cancelling your Australian business number (ABN) and other registrations lodging and paying any outstanding activity statements and instalment notices making goods and services tax (GST) adjustments on your final activity statement lodging final tax returns. You should also check whether your state or territory government has any special requirements. If your business exit is planned, we have found that leaving a business is less risky if you work with your […]