Assistant Commissioner's foreword

Welcome to the Small Business Tax Time toolkit for 2023.

Small businesses are a large part of our economy, with 4.5 million small businesses contributing more than $856 billion to our economy in 2021–22 and providing over 6 million jobs.

We understand that many small businesses have been and continue to operate in a tough environment.

The resilience and innovation we see from small business owners is inspiring. We support small businesses to meet their tax and super obligations, so they can continue to thrive and make a valuable contribution to the Australian economy.

One of the ways we do this is through the small business tax time toolkit – we review it every year to make sure the fact sheets are up to date and reflect what small businesses want to know. The toolkit contains information to help small businesses get it right, including:

• a helpful directory of links to help them find information, tools, calculators, learning resources and other support and services
• several fact sheets.

We have a fact sheet on claiming deductions for the cost of digital expenses, and have expanded our Using business money and assets fact sheet to include more information. We also have 3 fact sheets for primary producers. They’re not part of the broader small business toolkit, but you can find the links to them in the Small business guides section.

Unexpected events can make it more difficult for small businesses to meet their obligations; but remember that we are here to help.

We encourage this information to be shared with small business clients, stakeholders, members and networks, and hope it is helpful.

Emma Tobias, Assistant Commissioner, Australian Taxation Office