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Small business entities

Last updated 13 July 2020

For the 2007–08 and later income years the STS provisions have been replaced with new streamlined provisions for small business entities. The concessions that were available under the STS have, in effect, carried over to the new rules. This means that you can gain access to the concessions that were previously available to you as an STS taxpayer if you meet the new small business eligibility criteria.

For more information, see Small business entity concessions.

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