Small businesses can access a range of concessions. This applies to sole traders, partnerships, companies, or trusts.
According to ATO, to qualify for these concessions, you’ll need to determine if your business is a ‘Small Business Entity’ for the income year and review your eligibility each year.
Get in touch with us today if you have any questions or need help accessing any of the small business concessions.
Disclaimer: This article is provided as general information only and does not consider your specific situation, objectives, or needs. It does not represent accounting or tax advice upon which any person may act. Implementation and suitability require a detailed analysis of your specific circumstances. Before taking any action, consider your own circumstances and seek professional advice.