12 July 2021
When you're lodging your business tax return each year, it’s important to include all income you make through your business.
This includes income you earn from:
You might receive payment in the form of:
You can claim a deduction for most of the costs of running your business.
If you’re in an industry that requires physical contact with customers, such as healthcare, retail or hospitality, you can claim deductions for expenses related to COVID-19 safety. This includes hand sanitiser, sneeze or cough guards, other personal protective equipment and cleaning supplies.
Keep in mind the three golden rules for deductions:
Remember, registered tax agents can help you with your tax.
Find out about:
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