Tax Facts - Small Business Entities
Small businesses with an annual turnover of less than $2 million may qualify for a range of tax concessions. If your business is eligible, you can choose to use the concessions that suit you. You may have to satisfy additional conditions and will need to check whether you qualify for the concessions each tax year.
NOTE - Some of these concessions were previously only available to businesses under the Simplified Tax System. This system no longer operates, however all its concessions remain available to eligible businesses.
Eligible businesses can choose to use the concessions outline in the table.
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More information?
Michael Beddoes, FCA
Director
e mbeddoes@mbapartnership.com.au
t 07 5557 8700