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

23/11/2024 29 min
Tax crash course for small business owners ft. ATO Assistant Commissioner

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Episode Synopsis

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

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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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