If you are a small business operator with an annual turnover of less than $2 million, you may be eligible for a range of tax concessions. These concessions are designed to make it easier for you and include concessions for:
- goods and services tax (GST)
- capital gains tax (CGT)
- fringe benefit tax (FBT)
- pay as you go (PAYG) instalments.
If your business is eligible, you can choose to use the concessions that suit your business. You may have to satisfy additional conditions and check each tax year if you still qualify for the concessions.
At all times, you can call Taxwise 08 9248 8124 for any questions you may have.
At all times, you can call Taxwise 08 9248 8124 for any questions you may have.
About the Author
Warren Kruger is an Australian Tax Specialist and Advisor.
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Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.
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