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This section looks at fundamental responsibilities of businesses. Acts and regulations determine how a business can operate, the licences required to start and operate a business and the financial obligations of business in terms of taxes and local council rates.
Investment Allowance: small business and general business tax break
Small businesses with a turnover of $2 million a year or less can now claim an additional 50 per cent tax deduction for eligible assets costing $1000 or more, acquired between 13 December 2008 to 31 December 2009. Assets modified or improved before 31 December 2010 are also eligible to receive the tax deduction.
Businesses with higher than a $2 million a year turnover are now eligible for an additional tax deduction of 30 per cent on assets costing $10,000 or more. (For more information, see External links on the right)
An online tool that helps you identify which state, local and federal government licences you will need to start and operate your business. Details are presented as a report, including application forms that can be downloaded, emailed or saved to your Business Victoria account if you are registered (if not click on 'Login' in the top menu).
Get help with local government regulations and apply for permits, licences and registrations.
All businesses need to remain up-to-date with their changing tax obligations. This section will provides information about some of the most common tax considerations facing business operators and employers.
Find out about government legislation that affects your business whether you're starting a new business, or or making a change to how you operate.
Join the Victorian Business Consultation Database and have your say on regulations affecting business.
The Victorian Government is inviting all small to medium sized businesses to have their say on government regulations and licensing. Find out more.
