2020 Tax Guide by Scott Associates

Scott Associates' helpful tax guide for the coming financial year. This booklet contains concise information only. If there are any issues raised in this brochure of anything relating to your taxation and financial affairs you wish to discuss, please do not hesitate to contact us.

ABN essentials

The Australian Business Number (ABN) is a single identifier for all business dealings with the tax office and for dealings with other government departments and agencies.

ABR Lookup

ABN Lookup is the public view of the Australian Business Register (ABR). It provides access to publicly available information supplied by businesses when they register for an Australian Business Number (ABN). ABN Lookup will continue to display trading names for a further five years until 31 October 2023.

ASIC Name Search

Search company and other registers and check name availability.

Checklist for Starting your Business

Are you new to business? To help you get started, the Australian Government has developed a 'Starting Your Own Business Checklist', covering many of the basic issues you need to consider.

Deductions For Business

You can claim a deduction for most expenses you incur in running your business as long as they are directly related to earning your assessable income.

Tax withheld calculator

If you are an employer or another withholding payer, the tax withheld calculator helps you work out the tax you need to withhold from payments you make to employees and other workers.