SBE taxpayers making prepayments before 1 July 2015 can choose to claim a full deduction in the year of payment where they cover a period of no more than 12 months (ending before 1 July 2016). Otherwise, the prepayment rules are the same as for non-SBE taxpayers.

The kinds of expenses that may be prepaid include:
• Rent on business premises or equipment.
• Lease payments on business items such as cars and office equipment.
• Interest – check with your financier to determine if it’s possible to prepay
up to 12 months interest in advance.
• Business trips.
• Training courses that run on or after 1 July 2015.
• Business subscriptions.
• Cleaning.