ATO Launches Compliance Support for New Businesses

The Australian Taxation Office (ATO) is rolling out its “Ready for Business” campaign, providing new small business owners with guidance on key tax and compliance obligations. Holders of ABNs will receive emails in the coming months covering topics such as ABN obligations, business restructures, GST registration, and employer responsibilities.
Key Focus Areas for New Businesses
GST registration – Businesses must register for GST if their annual turnover exceeds $75,000 ($150,000 for non-profits). For taxi and ride-share services, registration is compulsory regardless of turnover.
PAYG instalments – To avoid a large first-year tax bill, the ATO encourages new businesses to voluntarily prepay their estimated tax liability through PAYG instalments.
PAYG withholding & superannuation – Small businesses with employees need to set aside funds for PAYG withholding and super contributions, rather than using them for day-to-day cash flow.
Side hustles – Even small side activities may qualify as a business. Owners should check whether they need to account for GST, PAYG, and super obligations. ATO Deputy Commissioner noted that small businesses working with a registered tax professional are more likely to remain compliant and avoid unexpected issues.
Need help understanding your obligations? Contact RBizz Corporate Accountants for expert guidance on tax, compliance, and business advisory.


































