Small business bonus deductions
Did you have small business bonus deductions?
- No – Go to P13 Trade debtors.
- Yes – Read on.
For P12 to P21, you need to complete all questions relating to your business expenses.
If you have more than one business you must add the figures for all businesses, irrespective of whether they are primary or non-primary production and write only one figure at each question.
Complete this item if you're a small business (with an aggregated annual turnover of less than $50 million) claiming either or both the:
- small business skills and training boost
- small business energy incentive.
For more information, see Appendix 2: Small business bonus deductions.
Completing this question
To complete this item, use the amounts you calculated for bonus deductions at P8 Reconciliation items – label Expense reconciliation adjustments in Worksheet 4.
Write at P12 – label M Small business skills and training boost the total amount you claimed at P8 for the small business skills and training boost. This is the total amount from row x in Worksheet 4.
Write at P12 – label O Small business energy incentive the total amount you claimed at P8 for the small business energy incentive. This is the total amount from row y in Worksheet 4.
Continue to: Trade debtors and creditors – P13 and P14
Return to: Instructions to complete the BPI schedule 2024