A company is a separate legal entity with its own rights and obligations. Company assets, liabilities, income and expenses belong to the company entity, not to the individual directors. Directors are bound by certain rules that govern your behaviour. You must carry...

The ATO has developed a tax risk management and governance review guide for business. While aimed at large business, there are guidelines for  small to medium businesses as well.   The ATO is encouraging businesses to adopt an internal control framework...