Operating expenses
Review costs incurred in the ordinary course of carrying on the business.
Company deductions
Small business tax deductions in Australia
Review small business and company deductions for operating expenses, assets and finance costs with ATO-sourced rules, exclusions, calculations and records visible.
For Australian companies
Separate operating costs from capital and private expenses
A business expense must relate to earning assessable business income. Mixed business and private costs must be apportioned, and a claimed GST credit is excluded from the income tax deduction. Each library item explains the conditions, evidence and relevant ATO source.
Assets and capital
Use the decline in value calculation where an immediate deduction does not apply.
Record trail
Keep the method and supporting record status beside each saved amount.
Common company deductions