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Income tax and deductions for small business

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About this guide

If you operate a small business as a sole trader, partnership, company or trust, you can use this guide to help you:

  • work out your assessable income
  • work out your allowable deductions
  • claim common deductions
  • understand the credits and tax offsets that may be available to you
  • lodge an annual income tax return
  • access other useful publications and products.

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This guide supplements Tax basics for small business (NAT 1908), which contains important tax information you should know if you are new to business.

Sections within About this guide

Last Modified: Tuesday, 30 June 2009

Table of contents
About this guide
Keeping proper records
Working out your assessable income
Working out your allowable deductions
Claiming common deductions
Credits and offsets
Lodging an annual income tax return
PAYG instalments
Support for small business
List of definitions
What to do/read next
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