Your offset will be 8% of the following amount up to the limit of $1,000:


Note:

  • for sole traders / partnerships / trust income receivers whom are also receiving a salary/wage from an employer, the question is whether to claim a deduction under the business schedule or under the individual tax return deduction labels (D1-15).
  • In such circumstances, the benefit is to have a higher small business income or profit for the year to maximise the 8% offset - assuming that the reallocation of business expenses to individual tax return deduction labels DOES NOT change the taxable income before/after. 






https://www.ato.gov.au/business/income-and-deductions-for-business/in-detail/small-business-income-tax-offset/?page=7