Small business and tax
As we approach the end of the financial year I am wanting to be prepared in what I need to do. I currently run my own small business and have submitted all the required documents to CL and was advised that at tax return they will use that to determine my payments moving forward.
When I submitted my profit and loss my profit was under $400 for the month so it was said it wouldn’t affect any of my payments for now.
Just want to know, when it come to doing my taxes what do I need to do to ensure I am doing everything right for CL. As I have only done tax return for my previous job and hungry jacks where everything was simple and autofilled due to being under 18 when working there so I have no idea where to start for this and just want to be prepared.
TIA