I hope this isn't going to be against forum rules but I don't know where to ask for help/general advice without being told to find an accountant and pay for it.
I'm in uni and started investing in the sharemarket with some friends. We pooled together some money and started up a company with an ABN/TFN so that we could do it properly/legally . All we've done is buy a couple of stocks. (haven't sold any yet)
Problem is I'm not sure how taxation works. The ATO website is heaps confusing and doesn't provide an e-Tax program for businesses nor could I find a tax form booklet with all the necessary forms for businesses. Is it possible to do business tax ourselves? I really don't want to pay an accountant since we're all still in uni and don't earn much (hence we pooled our money together).
Thanks in advance.