Business start date

If your hobby changes into a business, it’s important to know when that happened. Your tax and super obligations begin from that date.

Picture of a calendar month with one date circled and an annotation reading ‘Business started today’ This shows a clear delineation between the hobby ending and the business starting.

That means, you are liable to pay tax on your income. You can also claim appropriate business expenses as tax deductions from the business start date.

Starting a small business

Steps Progress

Is my hobby a business?

9 mins

Business structures overview

5 mins

Business registrations

5 mins

Sole trader structure

7 mins

Partnership structure

10 mins

Company structure

13 mins

Trust structure

7 mins

Small business support

10 mins

Related courses

1 mins

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