Other business tools

Other initiatives to help businesses, particularly small businesses, include:

  • a Personal services income tool, released in January 2016, that enables users to work out whether and how the personal services income rules apply to them and get binding advice from the ATO on their tax position
  • the Business performance check tool, released in July 2015, which enables businesses to compare their performance with industry benchmarks and gives them an overall viability of their business
  • an improved Employee or contractor decision tool that helps businesses understand whether their workers are employees or contractors and what they need to do for tax and super
  • the Business viability assessment tool which considers a range of information related to the financial performance of the business, including its ability to pay outstanding business debts, while meeting ongoing commitments to creditors.