MasterNuggets with Meng: Am I A Small Business?

There are lots of concessions for “small business” entities - but what qualifies as an SBE? Does the criteria differ?

In this session, we cover:

• Wendell’s Equipment Hire Business:

  • What is a SBE?

    • Aggregated turnover

  • Connected Entities

  • Affiliates

  • What is a BRE?

    • Passive Income Test

    • Aggregated Turnover

  • Concessions:

    • Simplified Depreciation

    • Prepayments

    • Business Formation Costs

Date recorded: 14 April 2025