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.
Get in touch today about subscription options for DRAINS, and check out our range of online, self-paced DRAINS e-learning courses.
