Small businesses are the engine room of the Australian economy and vital participants in the tax and super system. During the 2022–23 income year, they contributed more than $909.3 billion to the economy and employed more than 7 million people.
As stewards for small businesses, our role in making it easy for you to get your tax right is more important than ever. In everything we do, we approach our work with you in mind.
If you operate a small business, we're committed to helping you grow your tax and super expertise and build resilience to deal with the unexpected challenges many small businesses face. We do this by providing timely and tailored advice, and information and education resources to support you.
Earlier this year, we launched our new online learning platform for small businesses called Essentials to strengthen your small business.External Link
This exciting new platform includes over 25 short free courses about essential topics such as record keeping, cash flow, deductions and many more. We encourage you to explore and complete the courses that best support your business to enhance your skills and knowledge, and help your small business thrive. We've included a link to this invaluable resource in the help and support section of this toolkit.
We know that successful small business operators understand their tax obligations. They also have support from someone who understands their business, such as a registered tax or BAS agent, bookkeeper or accountant.
Unexpected events can make it more difficult for you to meet your small business obligations; but remember, we're here to help. If you're experiencing difficult times or serious financial hardship, contact us about your situation as early as possible. We can give you support specific to your circumstances.
Each year we refresh this toolkit to keep it up-to-date and brimming with useful information to help you and your advisers. I hope you find it helpful and I encourage you to share it with others.
Emma Tobias, Assistant Commissioner for small business experience – Australian Taxation Office