A small business can claim a wide variety of expenses. There are plenty of simple and legitimate ways you can cut down on your small business tax bill while meeting your tax obligations.  Some may be; Claim asset depreciation Claim instant asset write-off, up to 30k per asset Make concessional superannuation contributions Keep a business vehicle logbook Defer income and bring forward expenses Claim deductions for expenses not paid by EOFY Write-off bad debts Pay tax-effective wages and dividends