News Post - ATO Small Business Concession

Is Your Small Business Eligible for ATO Concessions?

As a small business owner, you may be eligible for concessions on the amount of tax you pay. This depends on your business structure, your industry and your annual turnover.

If you have an aggregated turnover less than:

Check your eligibility each year before you apply for a concession.

You’ll generally need to keep records for 5 years to prove any claims you make. You can choose how you keep these records, but you may find electronic record keeping easier and more convenient.

If you have any questions regarding ATO Concession, don’t hesitate to get in contact with us at STS Accounting.