What is advised for businesses about small business concessions in the ATO Green Book?

The correct answer highlights that small business concessions can indeed help in reducing both the tax burden and administrative obligations for qualifying businesses. These concessions are designed specifically to aid small businesses by offering tax relief and simplifying compliance requirements, which can be particularly advantageous for those operating with limited resources. The purpose is to enable these businesses to maximize their financial resources and promote growth without being overly burdened by tax-related complexities.

The other choices imply broader or more restrictive applicability than what is actually the case. While small business concessions are not universally available to all businesses regardless of size, they do target those that meet specific criteria. Additionally, they are not exclusive to new businesses, as established small businesses can also leverage these concessions. Lastly, the benefits of these concessions are not contingent solely on their being claimed before annual assessments; they can be claimed at various points as long as the business meets eligibility requirements.