Instructions to complete P2, P3, P4, P5 and P6 business information.
P2 Description of main business or professional activity
Completing this item
Describe the main business or professional activity that your gross income comes from as accurately as possible (for example, beef cattle breeder, vegetable grower, clothing manufacturer, confectionery wholesaler, or electrical goods retailer). Do not use general descriptions, such as farmer, manufacturer or wholesaler.
Print the description of your main business or professional activity at item P2 on page 2 of your schedule.
P3 Number of business activities
Completing this item
Write at B the number of separate and distinct business activities you operated as a sole trader and in partnership during 2021–22. If you operated only one business activity, write 1. The number of business activities you show at B should not be less than the number you show at item P9 Business loss activity details.
P4 Status of business
Completing this item
If you ceased your main business during 2021–22, enter X at C1 item P4 on page 2 of your schedule.
If you commenced a new business during 2021–22, enter X at C2.
If more than one option applies, enter X at C1 only. If neither option applies, leave both boxes blank.
P5 Business name of main business and ABN
The registered business name of your main business activity should be consistent. It should only be updated when there is a name change or when it is no longer the main business activity.
If the business name is legally changed with the Australian Securities & Investments Commission (ASIC), advise us in writing at the time the change is made. The current business name should be shown on your tax return.
Completing this item
Print the registered business name and Australian business number (ABN) of your main business at item P5 on page 2 of your schedule.
P6 Business address of main business
Completing this item
Print the street address of the place where most of your business operations are conducted at item P6 on page 2 of your schedule.
Write the postcode of this address at D item P6.
Continue to: P8 Business income and expenses