Business and professional items 2022

About these instructions

Business and professional items 2022 will help you fill in the Business and professional items schedule for individuals 2022.

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.

If you are required to complete the Business and professional items schedule for individuals 2022 you should lodge your tax return using myTax or through a registered tax agent.

If you are unable to use myTax or a registered tax agent, contact us on 13 28 66 and we will mail you a paper tax return and Business and Professional items schedule.

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.