Simplified Trading Stock Rules

About this grant

Simplified Trading Stock Rules provide eligible small businesses with the option of using simplified trading stock rules at the end of financial year stocktake.

Eligibility requirements

All of the following criteria must be met:

• Small businesses.
• Simplified stock trading rules provide eligible small businesses with the option of using simplified trading stock rules at end of financial year stock take.
• Businesses may use the simplified rules if there is a difference of $5,000 or less between:
• The value of your stock on hand at the start of the income year
• A reasonable estimate of the value of your stock on hand at the end of that year
• The $5,000 threshold applies to both increases and decreases in the value of your trading stock.
• Under the simplified rules, you:
• Do not have to do a stock take at the end of the income year
• Do not have to account for any changes in the value of your trading stock
• Be a small business as recognised by the ato
• Meet the circumstances required
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What the funding covers

• The option of using simplified trading stock rules at stocktake time.

How to apply

1. 1Confirm readiness: Ensure you meet criteria (e.g., ABN, turnover limits, GST registration), align project objectives with grant goals, and estimate time for evidence gathering and writing.
2. 2Gather evidence: Collect documents like financials, business plans, market research, project budgets, resumes, risk analysis, and support letters to prove capability and impact.
3. 3Register/log in: Obtain an Australian Business Number (ABN) if needed, sign into the relevant portal (e.g., Business Grants Hub portal), and note any prerequisites like advisory service reports.
4. 4Prepare and write application: Address all selection criteria clearly (project details, government alignment, costs, outcomes, benefits); keep concise, factual, and compelling; validate for completeness.
5. 5Review, approve, and submit: Proofread, get stakeholder sign-off, submit online via the portal before deadline (no late entries); expect eligibility check, merit assessment, and outcome notification.
6. 6Visit https://business.gov.au/grants-and-programs/simplified-trading-stock-rules for application details

Application tips