Please identify which customer segments your enquiry related to today
Print this page
Print entire document
Small business entity concessions
You can choose not to conduct a stocktake (and account for changes in the value of your trading stock) if there is a difference of $5,000 or less between:
You will need to conduct a stocktake and account for changes in the value of your trading stock.
You access this concession at the end of the financial year when calculating amounts for your tax return (trading stock on hand value).
You don’t need to notify us of your decision to use this concession.
You will need to record how you estimated the value of your trading stock on hand.
Find out more
Simplified trading stock rules.
System maintenance and issuesAccess managerAbout online services
More forms and instructions Arrow button
More tax rates and codes Arrow button
More calculators and tools
Legal Database Arrow button