The importance of turnover and unravelling the complexity
Source: QLD
Published Date: 16 Feb 2023
An entity’s turnover is important for a huge number of reasons, including the tax rate, various small and medium business tax concessions, amendment periods, and the reporting requirements. This session aims to delve into what is in and what is out of turnover and what you need to be aware of, including:
- Key tax provisions and concessions that rely on an aggregated turnover calculation
- Meaning of Small Business Entity [Section 328-110] versus Aggregated Turnover [Section 328-115]
- Key concepts including, connected entity, affiliate, annual turnover and carrying on a business and
- Specific exclusions from annual turnover including common examples experienced in practice.
Details
- Published By: Jacquii Reeves
- Published On:16 Feb 2023
- Took place at:JW Marriott Gold Coast Resort & Spa
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