We've just published Our focus areas for small business. It shows you and your small business clients the current risks and behaviours that are attracting our attention.
Most small businesses willingly participate in the tax and super system. However, some don't and gain an unfair advantage over those who do.
We actively detect, treat and address concerning behaviours to ensure all small businesses can operate on a level playing field, and continue to contribute to the Australian economy.
Our 3 key focus areas include:
- business income is not personal income
- deductions and concessions
- operating outside the system.
We’ll continue to publish new focus areas quarterly. By being transparent about what attracts our attention, we want to ensure small businesses get it right from the start.
To help your clients, use Our focus areas for small business as a guide for conversations to help them get it right.
You can also encourage your clients to visit good business habits, and Essentials to strengthen your small businessExternal Link, our online learning site that offers over 30 free, self-paced courses.