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Expected annual turnover

This is the total income derived by your business throughout the year. Turnover is not to be confused with your profit, which is revenue minus expenses.

You can refer to the amount shown at G1 on your Business Activity Statement (BAS) to help calculate turnover. Other business records can also help you, such as cash books, bank statements, invoices, and your business plan.

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Expected annual turnover

This is the total income derived by your business throughout the year. Turnover is not to be confused with your profit, which is revenue minus expenses.

You can refer to the amount shown at G1 on your Business Activity Statement (BAS) to help calculate turnover. Other business records can also help you, such as cash books, bank statements, invoices, and your business plan.