Small Business Tax Time toolkit for 2023.

Small businesses are the engine room of our economy

 

In 2020-21 there were approximately 4.5 million small businesses contributing more than $856 billion to our economy, and providing over 6 million jobs.

The Toolkit is one way the ATO looks to help this vital sector.  It is reviewed every year to make sure the fact sheets are up to date and reflect what small businesses want to know. 

The toolkit includes:

  • a helpful directory of links to help find information, tools, calculators, learning resources and other support and services;
  • several fact sheets including one on claiming deductions for the cost of digital expenses, and another on using business money and assets.

We also have 3 fact sheets for primary producers. 

For more detail click on the following links:

 

ATO

The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.