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James Millar
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webdever, post: 260559, member: 65533 wrote:
Hi wanted to see if any Small biz tax offset can apply to me?

2016 to 2017 Financial year, and a single director company. No profit Company and myself $34,000 of drawings.

I remember reading that it was changing, that single director companies can not get it.

https://www.ato.gov.au/Business/Income-and-deductions-for-business/In-detail/Small-business-income-tax-offset/

It’s actually also known as the “unincorporated small business tax offset”. Emphasis on the unincorporated in that it is not available to companies.

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