TAX ESSENTIALS FOR BUSINESS • STEP 4 OF 4
Check It: Final Quiz
Test yourself to solidify the knowledge.
— Naval Ravikant
10 questions on business structures, GST, BAS, and deductions. Pass with 80% to earn your Business Tax Pro badge!
Your Learning Journey
Your Learning Journey
This Quiz Takes: 5 minutes
10 questions covering structures, GST, BAS, and deductions.
Pass Criteria
Get 8 out of 10 correct (80%) to earn your Business Tax Pro badge and unlock bonus Tax IQ points. You can retake the quiz if needed.
Get 80% to earn your Business Tax Pro badge!
Ready for the Boss Quiz?
10 questions. 5 minutes. Game-show style. Can you beat the clock?
Rules:
- •Answer all 10 questions in 5 minutes
- •No going back to previous questions
- •Score 80%+ to pass and get your certificate
- •100% = Perfect Score badge!
Tax-101 for Business - Check It: Complete
- Incorporate at $100k+ income to access 30% company tax rate vs 37-45% personal rates
- GST registration is mandatory at $75k turnover—lodge BAS quarterly to report GST collected vs paid
- Optimal structure (Company + Trust) can save $30-40k/year for businesses earning $150k+
Homework
Based on this module, what's the one change you need to make to your business structure or tax strategy?
Book a meeting with a tax accountant this week if you earn $100k+ and aren't currently incorporated. The consultation fee is tiny compared to annual savings.
What's Next?
Browse other modules