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Small Business Tax Incentives are Back on the Table

The Albanese Government has confirmed its commitment to implementing two tax incentives aimed at supporting small businesses; to train and upskill employees, and improve their digital and tech capacity. 

Small business tax illustration

The Technology Investment Boost and the Skills and Training Boost were announced in the 29 March 2022 Federal Budget, but remain unlegislated. 

Vist the ATO website for more details

Small businesses with an annual turnover of less than $50 million will be able to claim a 'bonus' 20% deduction for eligible expenditure on:

  • external training of employees until 30 June 2024
  • the uptake of digital technologies until 30 June 2023

 The incentives will be backdated to 29 March 2022.

We offer both digital training on software systems and digital transformation training for businesses. Below are some of the services that we offer that would be covered by the Technology Investment and Skills and Training Boost.

  • Digital Transformation
  • Custom Software & Apps
  • Online System Integration

These incentives are not yet law. If you have spent, or are considering spending, on training or digital technology, please contact our office for an update.

Please contact us if you have any questions about this opportunity.