Top tax time tips for small businesses
We know that small business operators have a lot to think about and tax isn’t always at the top of your list. The ATO has a range of support, tools and tips to make it easier for you to understand and meet your obligations this tax time.
Whether you lodge your own tax return or you use a registered tax agent, it’s a good idea to prepare for tax time by:
- Getting your records ready
- Checking what you can claim
- Using our online services
- Knowing where to get help and support for your small business.
You can also use our new fact sheets to help you to understand common small business expenses:
Throughout tax time, we’ll be publishing articles and tips to help you better understand how to report your income and make the most of the deductions and concessions you can claim in your tax return. Subscribe or follow us now to keep up to date with everything small business.
You can also listen to Assistant Commissioner of Small Business, Justine Williams, speak with Alexi Boyd on her recent Small Biz Matters podcast about how small businesses can get ready for the end of the financial year.