11 June 2019
A business industry code is something you put on your tax return to describe the main activity of your business. It’s important you are using the right code so your return is lodged in the correct category. This will help:
Your main business activity can change over time as you grow and diversify. For example, your code will be different if your business:
The business industry code tool can help you find the correct code for your business in a few simple steps. Check your code before you lodge your tax return. If you use a registered tax agent, let them know if it has changed.
Once you have the right code, you can also use small business benchmarks to see how well you’re performing compared to competitors in your industry.
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You could get an additional two weeks to lodge and pay by going online.