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  • Business and professional items 2012-13

    About these instructions



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Business and professional items 2013 will help you fill in the Business and professional items schedule for individuals 2013.

    In these instructions, we provide information about:

    • streamlined provisions for small business entities
    • personal services income (PSI)
    • business income you must show on the schedule
    • 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.

    The ATO is progressively moving to electronic methods to provide instructions and tax return lodgment options for taxpayers with more complex tax affairs. For this reason, from this year, if you are required to complete the Business and professional items schedule you cannot lodge a paper tax return. You must lodge your tax return online or a registered tax agent.

    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.

    Last modified: 04 Mar 2016QC 35240