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  • Supporting your small business

    Information you can rely on.

    We offer a range of tools and services to make it easier for you to get your tax and superannuation right. We want to help you manage and grow your business and get back on track if you need to. You can also speak with a registered tax or BAS agent for help.

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    Tax time essentials

    Small business tax time toolkit

    Our Tax time toolkit for small business has fact sheets to help you with:

    • home-based business expenses
    • motor vehicle expenses
    • travel expenses
    • using your company's money or assets
    • pausing or permanently closing your business.

    You can also download the Small Business Tax Time Toolkit (PDF, 1.0MB)This link will download a file

    For more information see Tax time essentials for individuals.

    Reporting JobKeeper payments

    JobKeeper payments are taxable and need to be included in tax returns.

    Find out more about how to report JobKeeper.

    Reporting cash flow boost credits

    You don’t pay tax on cash flow boost credits, as they are non-assessable non-exempt income. How you report the amounts in your returns or financial statements is different depending on your business structure.

    Find out more about how to report cash flow boost.

    Other government payments

    If you’ve received an Australian, state or territory government grant or payment in response to recent natural disasters or COVID-19, you may need to include it in your assessable income. Refer to:

    Single Touch Payroll

    With Single Touch Payroll (STP), you report employees' payroll information to us each time you pay them through STP-enabled software.

    STP started on 1 July 2018 for employers with 20 or more employees and 1 July 2019 for employers with 19 or fewer employees. If you haven't started reporting through STP, you need to start as soon as possible.

    Every year, employers must make an end-of-year finalisation declaration through STP. Generally, you need to make this declaration by 14 July each year.

    You can finalise your data earlier if it’s ready. The sooner you finalise your employees’ information, the sooner they will be able to lodge their tax returns. If you have been impacted by COVID-19 and need additional time, you can complete your STP finalisation up until 31 July. It's important that you finalise your employees' data by 14 July if you can, and let your employees know when you have so they can lodge their income tax returns.

    Reporting through STP means you no longer need to give your employees payment summaries or lodge an STP payment summary annual report with us.

    Your employees can find the information they need in their income statement in ATO online services through myGov, or by contacting their tax agent.

    See also

    Economic stimulus measures

    As part of the 2020–21 Budget, the government is implementing a number of measures to help businesses recover from the impact of COVID-19.

    JobMaker Hiring Credit

    The JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young job seekers aged 16–35 years.

    Eligible employers can access the JobMaker Hiring Credit for each eligible additional employee they hire between 7 October 2020 and 6 October 2021.

    Through the JobMaker Hiring Credit scheme, eligible employers may receive payments of up to:

    • $200 per week for each eligible additional employee aged 16–29 years old inclusive
    • $100 per week for each eligible additional employee aged 30–35 years old inclusive.

    All payments under the JobMaker Hiring Credit scheme are assessable as ordinary income.

    The normal deductions apply for amounts your business pays to employees if those amounts are subsidised by JobMaker Hiring Credits.

    For information on tax consequences, go to JobMaker Hiring Credit – tax consequences

    JobMaker Hiring Credits are:

    • not subject to GST
    • do not need to be included in your business activity statements (BAS).

    Temporary full expensing

    Eligible businesses can deduct the business portion of the cost of eligible depreciating assets first held and used or installed ready for use between 7:30pm (AEDT) on 6 October 2020 until 30 June 2022.

    Loss carry back

    Eligible corporate entities may be able to claim a refundable tax offset in their 2020–21 and 2021–22 company tax returns, if they made a tax loss in the 2019–20, 2020–21 or 2021–22 income years. Loss carry back is intended to interact with temporary full expensing, encouraging new investment which may result in tax losses. The choice to carry back tax losses may result in a tax refund which will increase business cash flow.

    You can use the loss carry back tax offset tool to work out if you are eligible to claim the refundable tax offset. It also calculates the maximum amount you can choose to claim if you are eligible. The tool will provide you with a printable report that you can keep for your records. This report will help you complete your company tax return as it displays each label you need to complete to make your claim.

    Online services

    Our online services help make it quick and easy to manage your tax and super:

    • ATO online services – sole traders can access this on any device to lodge their tax return, manage activity statements, PAYG instalments and accounts, make payment arrangements and more.
    • Online services for business – this service allows you to prepare and lodge activity statements and annual reports, organise payment plans, manage accounts, and more, at a time that's convenient to you.

    Help to lodge and pay

    It's important to lodge on time, even if you can't pay. This will give you certainty of your tax and super position, which means you'll have a greater understanding of what you need to do, when to ask for help, and the support options available to you. If you forget a due date or are stressed that you won't be able to lodge or pay on time, it's never too late to ask for help.

    We have options to help you if you're having problems lodging or paying on time, including making a payment plan in Online services for business for amounts owing up to $100,000.

    Find out what to do if you haven't been paid and how to deal with business debtExternal Link.

    Support is available for anyone who needs help with their tax and super during difficult times.

    Tools to help you

    Use our calculators and tools to help you run your business. These include:

    Find out what to consider when you take on an employee, such as pay rates, workplace health and safety, workers' compensation and more, visit Hiring employees checklistExternal Link.

    Check that businesses you deal with have an active ABNExternal Link and whether they're registered for GST.

    Financial assistance for eligible small businesses is available to help them meet their reasonable litigation costs.

    Learning resources

    We also have learning resources to help you run your business, such as:

    • Small business workshops – face-to-face workshops are currently on hold, but you can register for an online webinar
    • Small business webinars – register to find out about tax and super obligations and entitlements for your business, with topics including      
      • GST
      • activity statements
      • income tax deductions
      • home-based business
      • record keeping  
    • atoTVExternal Link – watch our videos about tax and super
    • ATO podcast – Tax inVoice – listen to the latest tax and super information
    • Record keeping for business – find out what you need to do to meet your business' record-keeping requirements
    • PAYG withholding – find out if you need to register for PAYG withholding, how much tax to withhold, payment summaries or income statements and more
    • PAYG instalments – many small businesses automatically enter the PAYG instalment system after they lodge their tax return, but entering earlier might help reduce the tax you may need to pay at the end of the year
    • Super for employers – everything you need to know about paying super for your workers
    • Fringe benefits tax (FBT) – find out if you need to pay FBT on certain employee benefits
    • Small business showcaseExternal Link (fairwork.gov.au) – access information on workplace laws and other topics relevant to small business owners at every stage
    • Business.gov.auExternal Link – access government transactions and services, as well as information on how to plan, start and run your business.

    Dealing with disasters

    If you're affected by COVID-19, or a natural disaster such as a bushfire, cyclone, flood, storm or drought, we can help you with your tax affairs so you can focus on your family and community. For information about assistance from other government agencies in Australia, visit Disaster AssistExternal Link

    Depending on your circumstances, we may:

    • give you extra time to pay your debt or lodge tax forms such as activity statements
    • help you find your lost tax file number (TFN) after verifying your identity
    • re-issue tax returns, activity statements and notices of assessment
    • help you re-construct lost or damaged tax records
    • prioritise any refunds you are owed
    • set up a payment plan tailored to your individual circumstances, including an interest-free period
    • remit penalties or interest charged during the time you have been affected.

    More support and services

    Additional resources that can help you with your small business include:

    • Small business newsroom – subscribe and get the latest tax and super news delivered to your inbox
    • Live chatExternal Link – ask about GST, ABN, myGovID, BAS and your account from      
      • 3.00pm–8.00pm (AEDT) Monday to Friday
      • 10.00am–2.00pm (AEDT) on Saturday (except public holidays)   
    • Contact us for account balance, business registration, business tax return preparation, BAS enquiries and more
    • National Relay ServiceExternal Link – if you have difficulty hearing or speaking to people on the phone, you can contact us through the National Relay Service
    • After-hours call back serviceExternal Link – get help at a time that’s convenient for you by completing the online form to book a time to talk to us from 6.00pm–8.00pm Monday to Thursday (except public holidays)
    • Join the discussion online – follow us on social media for tips and updates or check out our ATO Community forum to ask questions about tax and super
    • Registered tax or BAS agentsExternal Link – contact a registered agent to help manage your tax and super

    Aboriginal and Torres Strait Islander peoples and other languages

    In addition to our range of tools and services, we have information:

    • on Tax for businesses – for Aboriginal and Torres Strait Islander peoples
    • in languages other than English (including Arabic, Chinese, Hindi, Korean, Punjabi and Vietnamese) to help people from culturally and linguistically diverse backgrounds understand tax and super in Australia.

    If you would like to speak to us, you can also:

    • phone our Indigenous Helpline on 13 10 30
    • phone the Translating and Interpreting Service (TIS) on 13 14 50 if you would like to talk to us in your language.
    Last modified: 24 Nov 2021QC 48675