2013 Unit of Study
The session(s) below are for 2013. For Summer School 2013 unit of study availability please visit the Summer School website (main Summer session January/February 2013).
The University of Sydney session calendar shows exact dates for sessions.
|Small Business Structures and Taxation|
|Prerequisites||For Bachelor of Commerce (and all combined courses administered by the Business School): 48 credit points, including 5 x junior core units; For Bachelor of Commerce (Liberal Studies): 48 credit points, including 2 x junior core units.|
|Prohibitions||ACCT2011, ACCT2012, ACCT3011, ACCT3012, ACCT3013, ACCT3014, ACCT3031, ACCT3032, ACCT3098, ACCT3099, CLAW2201, CLAW2202, CLAW2203, CLAW2204, CLAW2205, CLAW2207, CLAW2208, CLAW2209, CLAW2210, CLAW2211, CLAW2212, CLAW3201, CLAW3202, CLAW3204, CLAW3206, CLAW3207|
|Lectures||Saturday and Sunday, 9am-1pm of Week 2 and Week 10 of semester plus on-line modules located on Blackboard|
|Assessment||Taxation portfolio (50%); Presentation (20%); Exam (30%)|
|Description||Many graduates will be faced with the opportunity of running a business in their chosen field and will need to have the business acumen and skills to make informed business decisions. Choosing the right business structure and understanding and meeting taxation and superannuation obligations is an important component of operating a successful and effective business. This unit of study aims to provide prospective business operators with the tools, knowledge and information that will help them decide which legal structure best suits their needs and to meet their taxation and superannuation obligations throughout the lifecycle of their business.The subject begins with an introduction to the Australian legal and taxation systems. It is followed by the various issues that need to be considered when starting a business such as selecting the right business structure that suits the individuals needs and focuses on key registration requirements. Tax topics include income tax and deductions; the goods and services tax; special rules and concessions that apply to small business; employer obligations; record keeping; completing activity statements and common tips and traps those business operators should be aware of.|