Profit and loss statement centrelink 2026

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The document provides instructions for completing a Profit and Loss Statement (SU580) for sole traders or partners in a partnership who have recently started new employment or changed their business activity. It outlines when to use the form, allowable deductions, and necessary supporting documents. The document emphasizes the importance of returning the form within 14 days and includes contact information for further assistance.

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Click ‘Get Form’ to open the profit and loss statement in the editor.
Begin by entering your Centrelink Reference Number, if known, followed by your full name in BLOCK LETTERS.
Indicate whether you operate the business in partnership. If yes, provide the number of business partners and their share of income.
Fill in the period of the statement, including start and end dates.
Detail your gross business income for the specified period. Then, list non-variable expenses such as accountancy fees and insurance premiums.
Next, enter variable expenses like advertising costs and wages paid. Ensure these reflect the period of the statement accurately.
Calculate total expenses and net income by subtracting total expenses from gross income.
Finally, review all entries for accuracy before signing and dating the declaration section at the end of the form.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (104 Votes)
2014	4.4 Satisfied (102 Votes)
2012	4.4 Satisfied (335 Votes)

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