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3 Cards in this Set
- Front
- Back
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What are the 3 SBE business rules?
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1) General rule
2) Addition rule (actual turnover) 3) winding up business |
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What does the general rule say?
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An entity is a SBE if it carries on a business and:
1. its aggregated turnover for the previous year was less tan $2 million, or 2. its aggregated turnover or the current year is likely to be less than $2 million |
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What does the additional rule state?
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k
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