Business income
From 1/7/2001, small business can adopt a simplified taxation system, which changes the effect of the depreciation and stock tax law provisions.
	If you qualify as a small business, the following rules can be simplified..
	Business Income - some theoretical observations
	The How, Why and What of the special treatment given to Primary Production business activities
	Trading Stock
	Depreciation - deductions for wear and tear of capital assets
	Superannuation
	Cost of sales
	Bad Debts
	Lease expenses
	Rent expenses
	interest expenses
	Motor vehicle expenses
	Repairs & maintenance
	Payments to associated persons
	Gross Prescribed Payment Scheme income
	Gross Reportable Payment Scheme income
	Assessable government industry payments
	Overseas interest expenses
	Land degradation expenses
	Environment protection expenses
	Capital Allowances - deductions you can claim for specific items of capital expenditure Entrepreneur Tax Discount
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