The small business income tax offset (also known as the unincorporated small business tax discount) can reduce the tax you pay by up to $1,000 each year.

The offset is worked out on the proportion of tax payable on your business income.

Find out about:

• Eligibility
• Working out your offset
• Claiming the offset
• Sole traders
• Partnership and trust distributions
• Non-commercial losses
• PAYG instalments