64 Jolimont Street, East Melbourne VIC 3002

Accounting News

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:

 

ATO



W Marshall & Associates 64 Jolimont Street, East Melbourne VIC 3002

Important: This is not advice. Clients should not act solely on the basis of the material contained in this Commentary. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before taking any action. The Commentary is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.