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smh.com.au - Small business concessions legislation finally passed
I counted some 22 Small Business Concessions as listed on the ATO website.
These are -
9 Income Tax Concessions
4 GST Concessions
4 Capital Gains Tax Concessions
2 FBT Concessions
1 PAYG I Concession
1 Super Concession
1 Excise Concession
I recommend to my clients that they do their own research then we would go over the facts together.
All Small Business Owners should be aware of the above concessions.
Those with turnover greater then $2 million following passing of the legislation should read the ATO Website and talk to their Tax Accountant.
Business Advice + Tax