13 July 2022
You may receive your business income in the form of:
When calculating your business's assessable income, it’s important that you include all income from your everyday business activities in your tax return, for example, from:
It’s also important to include other business income that’s not part of your everyday business activities, for example:
You don’t need to include payments that aren’t assessable income, for example:
You need to keep accurate and complete records to prove the income you report and the expenses you claim as deductions.
Remember, registered tax agents can help you with your tax.
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