Starting up a sole trader accounting firm, You are required to research the general regulatory requirements that exist in Australia and apply them to your chosen businesses. Your research should be undertaken with respect to the aspects of small business commencement and continuing operations and address requirements that might apply at all levels of government (local, state, and federal). The aspects you should identify and explain are:
• Where, how, why, and with whom do small businesses register their business?
• Government requirements and/or fees payable relative to commencing and operating a small business (not covered in the point above or the following points).
• Insurance requirements (including any workers' compensation cover).
• Taxation requirements (both business and employee).
• Employee entitlements (must include superannuation, sick leave, holiday leave, and long service leave).
• Occupational health & safety requirements.
• Reporting requirements deadlines, financial and otherwise.