Small Business Tax Time toolkit for 2023.
Small businesses are the engine room of our economy
In 2020-21 there were approximately 4.5 million small businesses contributing more than $856 billion to our economy, and providing over 6 million jobs.
The Toolkit is one way the ATO looks to help this vital sector. It is reviewed every year to make sure the fact sheets are up to date and reflect what small businesses want to know.
The toolkit includes:
- a helpful directory of links to help find information, tools, calculators, learning resources and other support and services;
- several fact sheets including one on claiming deductions for the cost of digital expenses, and another on using business money and assets.
We also have 3 fact sheets for primary producers.
For more detail click on the following links:
- Tools and calculators
- Help and support
- Home-based business expenses
- Motor vehicle expenses
- Travel expenses
- Digital product expenses
- Using business money and assets
- Pausing or permanently closing your business
ATO
Hot Issues
- What is a Commercial Lease?
- 8 tips to improve your online sales
- ATO cracking down on tax dodgers trying to leave the country
- Digital Assets You Forgot You Own (and Why They Still Matter at Tax Time)
- ‘Not insurmountable’: What accountants need to know ahead of Payday Super
- Heading overseas? Centrelink and the ATO might need to know
- The ATO’s new draft rules could change your holiday home tax claims
- Which country produces the most electricity annually?
- Restructuring Family Businesses: From Partnership to Limited Company
- Choose the right business structure step-by-step guide
- ATO’s holiday home owner tax changes spur taxpayers to be ‘wary and proactive’
- Payday Super part 1: understanding the new law
- A refresher on Medicare levy and Medicare levy surcharge.
- Protecting yourself from misinformation
- Super gender gap slowly narrows
- Countries with the largest collection or eucalyptus trees
- Benchmarks for small business
- Right to Disconnect
- There’s $18.9 billion in lost and unclaimed super - some may belong to you
- Small businesses remain optimistic despite high stress, report reveals
- Tax and your child’s money: what parents need to know including TFNs
- How to declare minor children’s income
- Net cash flow tax: What is it and what will it mean for SMEs?
Article archive
July - September 2023 archive
- Contractor payments (TPAR) are increasingly on the ATO’s radar
- Superannuation and independent contractors: fresh Full Federal Court guidance
- Intergenerational Report 2023
- Property investors beware: new data matching program
- When will we learn to protect ourselves from ourselves?
- Federal Government toughens up employment laws.
- Small Business Tax Time toolkit for 2023.
- Oldest Buildings in the World
- Australian Taxation Office (ATO) target areas for tax time 2023
- Taxing unrealised capital gains a grave concern: Burgess
- Protect your business from cyber threats
- Is your content making you income?
- Australian Taxation Office (ATO) ride-sourcing data-matching program extended
- How a registered trade mark can grow your sales and your business
- The top modes of transport in the world
- Considerations When Negotiating a Resolution
- Things you can do in our digital office
- Working from home expenses for 2023
- Five questions that indicate how financially literate you are.
- New laws come into effect from July 1
- Preparing for EOFY tax scams with business and cyber resilience
- Any tax debts in arrears?
- Scammers continue to fleece unsuspecting victims
- Top 50 Greatest Cuisines