Deactivate "Business" via financial image

If you DON'T want "business section" to show, then all revenue and expenses MUST be classified or TAGGED to some other category. 

 ie add tag as "Other deduction" so it will not show via "Business" .


We get regular complaints about CMN.ATO.CTR.430018. The rule ( relating to Small Business Entities ) requires 6X Depreciation to be less than or equal to deduction for small business pool (Depreciation Item B). 

It's common for accountants to prepare their client's accounts with standard depreciation rates while using the accelerated tax rates for tax depreciation. This is handled via adding back the accounting depreciation at 7W & then deducting the tax depreciation at 7F. This all works fine so long as Small Business Entity at F1 is not set to Yes.