Small business tax changes
New streamlined provisions for small business entities have replaced the former simplified tax system (STS). Broadly, to use the simplified taxation rules a small business entity must carry on business and have an aggregated turnover of less than $2 million. See Guide to concessions for small business entities (NAT 71874) and Small business entities for more information.
Publications and services
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Last modified: 30 Jun 2009QC 27920