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Australian Government Announces New Small Business Tax Incentives

By April 12, 2022May 18th, 2022No Comments

12 April 2022

The Australian Government has proposed two new tax incentives for small businesses – the Small Business Technology Investment Boost and Small Business Skills and Training Boost.

Under these initiatives, businesses will be able to deduct from their taxes an additional 20% of the cost incurred on business expenses that support adoption of digital technologies, such as subscriptions to cloud based services, as well as an additional 20% of expenditure incurred on eligible training courses provided to employees.

Read more at the ATO website.

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