Certain business start-up expenses

Small businesses can immediately deduct certain capital expenses associated with starting up a business.

Expenses relating to setting up a business are fully deductible in the year they are incurred if they were incurred:

  • in obtaining advice or services relating to the proposed structure or operation of the business (for example, advice from a lawyer or accountant) 
  • for payment to an Australian government agency of a fee, tax or charge relating to setting up the business.

Claiming small business tax deductions

Steps Progress

What are deductions and what can I claim?

5 mins

Accounting for private use of assets

9 mins

Expenses you can never deduct

1 mins

Expenses you can deduct over time

10 mins

Stock and asset records

5 mins

Expenses you can deduct immediately

5 mins

Other deductions records

1 mins

Motor vehicle deductions

4 mins

Motor vehicle deductions records

2 mins

Related courses

1 mins

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