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About these instructions

Last updated 24 October 2011

Business and professional items 2010 will help you fill in the Business and professional items schedule for individuals 2010.

In these instructions, we provide information about:

  • streamlined provisions for small business entities
  • personal services income (PSI)
  • the types of business income you must show on the schedule
  • the type of deductions you may be able to claim.

Who should use these instructions?

Use these instructions if you are an individual who completed items 14, 15 or 16 on your tax return (supplementary section). You may also need to use these instructions if you have a net loss from a business activity carried on in partnership with others.

Publications and services

To find out how to get a publication referred to in these instructions and for information about our other services, see More information.

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