ATO Notes Eligibility for Certain Small Business Concessions

The Australian Taxation Office (ATO) recently issued a release on the eligibility of small businesses for certain concessions.

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Is your business eligible for concessions?

Check out our tips on small business tax offset.

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:

• $2 million, you can access the small busines…