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💼 Small Business Tax — Australia

Small Business Tax — Maximised, Compliant & Planned

Taxo Advisory provides comprehensive tax services for Australian small businesses — sole traders, partnerships, trusts and companies. Instant asset write-off, small business concessions, BAS, payroll, and proactive tax planning.

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All business structures covered Instant asset write-off claimed CGT concessions applied Tax planning included

BAS Key Facts 2024–25

$10M
SB turnover threshold
Instant
Asset write-off
25%
Small biz company rate
4 types
All structures
30%
Large company rate
Before 30 Jun
Tax planning
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Business Tax Services

Every Small Business Tax Need Handled

From structuring your business to lodging your annual return and planning for next year — complete small business tax.

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Sole Trader Tax Return

Business income and deductions on your personal return. Home office, vehicle, tools, phone, and all business expenses. ABN income reconciled with any PAYG employment.

Simplest structure
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Partnership Tax Return

Partnership annual return plus individual returns for each partner. Profit/loss allocation, partner loan accounts, partnership agreements, and salary to partners.

All partners covered
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Trust Tax Returns

Discretionary and unit trust annual returns. Distribution resolutions by 30 June, trust income calculations, streaming of capital gains and franked dividends.

Trustee compliance
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Company Tax Return

Corporate tax return, franking account, dividend declarations, Division 7A loan compliance, ASIC obligations, integrated with shareholder personal returns.

25% small biz rate
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Instant Asset Write-Off

Claim immediate deductions for eligible business assets. We identify all qualifying assets and apply the concession to reduce your taxable income in the year of purchase.

Check eligibility
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Tax Planning

Proactive year-end tax planning — income deferral, expense prepayment, super contributions, timing of asset sales. Strategies to legally minimise tax before 30 June.

Before 30 June

Business Tax Guide

Small Business Concessions — Are You Claiming All of Them?

Small Business Entity Threshold — $10 Million

Small Business Entity (SBE) status applies when your aggregated annual turnover is under $10 million. SBE businesses access a range of valuable concessions that larger businesses cannot claim.

Key Small Business Concessions 2024–25

  • Instant asset write-off: Immediately deduct the cost of eligible depreciating assets
  • Simplified depreciation: Pool most assets and claim 30% depreciation annually
  • Prepaid expenses: Claim prepayments of up to 12 months of future expenses
  • Trading stock: Option not to account for small changes in trading stock value under $5,000
  • FBT car parking exemption: Small businesses may be exempt from FBT on car parking

Small Business CGT Concessions

  • 15-year exemption: Full CGT exemption if you held the asset 15+ years and are retiring
  • 50% active asset reduction: Reduce capital gain by 50% on active business assets
  • Retirement exemption: Up to $500,000 CGT excluded if contributed to super
  • Rollover: Defer CGT when replacing a business asset

Division 7A — Don't Get Caught

Division 7A treats loans or payments from private companies to shareholders as unfranked dividends unless formally structured as loans with ATO-prescribed interest rates and repayment terms. We ensure full Division 7A compliance.

Contact Taxo Advisory

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Lodge Online 24/7

taxo.au
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✉
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Office

Suite 11a/102 Princes Hwy, Unanderra NSW 2526

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✓ Registered BAS Agent (TPB)

Taxo Advisory is TPB registered — legally authorised to prepare and lodge BAS returns on your behalf. All Australian states serviced online at taxo.au.

How It Works

Lodge Your BAS in 4 Steps

1

Sign Up at taxo.au

Free account in minutes. Secure, ATO-approved.

2

Share Records

Upload invoices, payroll and bank data for the period.

3

We Prepare BAS

Registered agent reviews, maximises credits, checks for errors.

4

Lodged On Time

We lodge electronically with the ATO before the due date.

Common Questions

BAS Return FAQ

Small business entities with aggregated annual turnover under $50 million pay a company tax rate of 25% in 2024–25. Larger companies pay 30%. To access the 25% rate, at least 80% of income must be from business activities. We assess your rate eligibility every year.
The instant asset write-off allows eligible small businesses to immediately deduct the cost of qualifying depreciating assets in the year first used or installed ready for use. The threshold and eligible asset values change annually. We check the current rules and identify all qualifying assets.
There are four main concessions: the 15-year exemption (full exemption after 15 years if retiring), the 50% active asset reduction, the retirement exemption (up to $500,000 CGT-free), and the rollover (defers CGT when replacing a business asset). Eligibility criteria apply — we assess each sale individually.
Division 7A prevents private company profits from being distributed to shareholders tax-free through loans or payments. Loans must be documented with minimum interest at the benchmark rate and a maximum 7-year repayment term. Failure to comply results in an unfranked dividend taxed at the shareholder's marginal rate.
Sole traders are simplest but offer no asset protection. Companies offer a flat 25% tax rate for eligible businesses. Trusts offer income distribution flexibility. We assess the optimal structure for your income level, growth plans, and tax situation.

Also Available

Other Tax Services

📋 Individual Tax Return 📋 BAS Return 🛵 Gig Economy Tax 💰 Payroll & PAYG 🔧 Contractor Tax 🏢 Superannuation

Get Your Small Business Tax Right

Sole trader to company. Every concession claimed. Tax planning included. All Australian states.

Lodge at taxo.au → 📞 +61 412 013 418