Small Business Tax Dictionary

You didn't get into business to become a tax expert. So use our helpful guide to understand all the terminology instead


The small business tax dictionary serves as a comprehensive guide for small businesses, focusing on key taxation principles and practices prevalent in Australia, New Zealand, and the United Kingdom. It covers general tax terms such as tax liability, deductions, credits, and returns, providing a foundational understanding of tax obligations.

Country-specific terms delve into unique taxation structures, like Australia's GST and Superannuation, New Zealand's PAYE and KiwiSaver, and the UK's VAT and National Insurance. These terms help businesses navigate the varied tax landscapes across these countries.

A significant portion of the glossary is dedicated to the increasingly relevant topic of working from home. With remote work becoming more common, understanding home office deductions, apportionment, depreciation, exclusive use areas, and record keeping is vital. These terms help individuals and businesses recognise the potential tax benefits and responsibilities associated with maintaining a home office.

The glossary also includes information on various business structures, dividends, and industry-specific tax considerations. By offering clear definitions and explanations, it serves as a valuable resource for small business owners, entrepreneurs, and individuals.

Whether you are a sole trader, a partner in a business, or managing a limited company, this glossary offers insights and guidance tailored to the unique tax environments of Australia, New Zealand, and the UK. It supports informed decision-making, compliance with tax laws, and effective financial planning in an ever-changing business landscape.