Small Business Entity Concessions
<h1 >Small business entity concessions</h1>
<p >Small businesses can access a range of concessions including payment and reporting options. This applies to sole traders, partnerships, companies or trusts.
To qualify for these concessions, you'll need to confirm your business is a 'small business entity' for the year. In general, your aggregated turnover must be less than $2 million.
Your aggregated turnover is your gross income or proceeds (rather than your net profit) for an income year. When working this out:</p>
<ul >
<li >include the annual turnover of any entity you are connected with or that is an affiliate of yours at any time during that income year</li>
<li >exclude any goods and services tax (GST) amounts you have charged on your sales.</li>
</ul>
<p ><strong >Find out about:</strong></p>
<ul >
<li ><a title="What's new for small business" href="https://www.ato.gov.au/business/small-business-entity-concessions/what-s-new-for-small-business" >What's new for small business</a></li>
<li ><a href="https://www.ato.gov.au/business/small-business-entity-concessions/eligibility" >Eligibility</a></li>
<li ><a href="https://www.ato.gov.au/business/small-business-entity-concessions/concessions" >Concessions</a></li>
</ul>
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