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Are you Small Business Owner?

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australian small business owner

You might be eligible for New 20% training and Technology boosts.

The new Skills and Training Boost available for the cost of training employees.

The skills and training boost to support eligible business to train and upskill their employees. Under this incentive, eligible business will be able to claim a bonus 20% deduction for the cost of external training courses delivered to employees by providers registered in Australia.

This will be available for eligible expenditure incurred between 7:30 pm (ACT time) on 29th March 2022 and 30th June 2024. To be eligible for the 20% bonus deduction, a business taxpayer must satisfy few conditions.

The new Technology Investment Boost available for the cost of digitising operations.

The Technology Investment Boost to support digital adoption by eligible business by providing an incentive to invest more in their digital capacity. Expenditure that may be eligible for this incentive includes items such as portable payment devices, cyber security systems and subscriptions to cloud based services.

This will be available for eligible expenditure incurred between 7:30 pm (ACT time) on 29th March 2022 and 30th June 2024. To be eligible for the 20% bonus deduction, a business taxpayer must satisfy few conditions.

In order to check your eligibility please give us a call on 0430 705 825

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