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Tax Concessions for Small Businesses: A Comprehensive Guide [2026 Update]

Small businesses play a vital role in the Australian economy, contributing significantly to job creation, innovation, and overall economic growth. Recognising their importance, the Australian Government offers a range of tax concessions designed to support small businesses, allowing them to reduce their tax burden, reinvest in growth, and maintain financial stability. This article explores the various tax concessions available to small businesses in Australia and outlines how they can benefit from these opportunities.