The Australian Taxation Office (ATO) has introduced a new online learning platform aimed at helping small business owners meet their tax and superannuation obligations. Dubbed “Essentials to Power Your Small Business,” the platform offers more than 20 free short courses and a calendar that highlights key application deadlines.
Deputy Commissioner Will Day highlighted that the platform is designed for small business owners who want to improve their understanding of tax, superannuation and the fundamental aspects of effective small business management. The user-friendly platform incorporates videos, case studies, audio content, written information, and even includes simple quizzes to encourage different learning styles.
This website not only provides valuable resources for small business owners, but also provides insight into common pitfalls, such as Goods and Services Tax (GST) and business deductions. It accommodates the busy schedules of small business owners by enabling flexible learning, allowing you to save your progress and resume at your convenience.
Developed in collaboration with small businesses and education experts, the platform offers customizable learning pathways based on your business lifecycle, structure, and industry. Small Business Minister Julie Collins highlighted the Government's commitment to reducing the time small businesses spend on tax and highlighted the practical support provided by such resources.
Bruce Billson, Australian Small Business and Family Business Ombudsman, pointed to the potential benefits of this resource and highlighted the importance of business know-how and the wisdom of others to successfully manage and grow businesses. did. Overall, the ATO's work aims to provide small business owners with the knowledge and practical tools to streamline their tax and superannuation responsibilities.
