The Perks of Being a Small Business

Get across the benefits for small business entities (SBEs) - don’t miss out on some obvious and not-so-obvious concessions and exemptions!

In this session, we cover:

• What is a small business?

  • Aggregated turnover

  • Annual turnover

• Immediate deduction of start-up expenses

  • Blackhole expenditure under Section 40-880

• Immediate deduction of prepayments

• Simplified trading stock rules

• Simplified depreciation rules

  • Low cost assets

  • General small business pool

• FBT car parking benefits exemption

• Work related devices exemption

• Small business income tax offset

• Two-year amendment period

• GST and PAYG concessions

• More SBE perks not covered…

Date recorded: 14 July 2025