Action plan
What actions do you need to take for your small business?
Select any you’ve already completed and export the document for your follow-up.
No question text provided
- Seek advice from a trusted advisor
- Choose a business cease date
- Dispose of business assets
- Check eligibility for capital gain concessions
- Meet employer obligationsFinalise employee payments Lodge STP finalisation declaration Cancel PAYG withholding Lodge final FBT return or notice of non-lodgment
- Meet tax obligationsExit PAYG instalments Lodge final BAS Lodge final TPAR Lodge tax return
- Meet payment obligationsPayment plan or deferral finalisation Settle amounts owing Request refunds if appropriate
- Cancel tax registrationsLuxury car tax Wine equalisation tax Fuel tax credits
- Cancel your business name
- Meet other legal obligations
- Cancel GST (21 days after business cease date)
- Cancel ABN (28 days after business cease date)
What you will learn
- How to choose a cease business date
- Considerations when disposing of trading stock and capital assets
- Concessions available to reduce capital gains on business assets