What to do just after you start your business
Last reviewed 2026-07-17
Once you’re trading, a few habits early on keep tax time painless and your business healthy.
Separate your money
Open a dedicated business bank account and keep business and personal spending apart. It makes bookkeeping and tax far easier.
Set up record keeping
Keep records of all income and expenses, store receipts, and use a consistent invoice numbering system. The ATO requires you to keep most records for five years.
ATO — Record keeping for business
Know your BAS dates
If you’re registered for GST, you’ll lodge a Business Activity Statement (BAS). Put the due dates in your calendar and set aside GST as you collect it.
If you hire people
- Register for PAYG withholding and withhold tax from wages.
- Pay super guarantee (currently 12%).
- Check the correct award pay rates with Fair Work.
- Arrange workers’ compensation insurance.
Get found online
- Set up a Google Business Profile so you appear in local search and maps.
- Get a simple website with your services, area and contact details.
- Ask happy customers for reviews.
- Set up Instagram and Facebook business profiles with matching details.
TipUse our Marketing section for a readiness check, 30-day plan, budget splitter and content ideas.
Heads upGeneral information only — confirm your obligations with the ATO and Fair Work.