Please note: this is an old article
It was published in June 2023, so the information may be out-of-date.
Eligible small businesses can claim an additional 20% tax deduction for employee training expenses and technology investment costs this financial year.
The small business skills and training boost allows a further 20% tax deduction on external training expenses for your employees. The training must be delivered by a registered training provider with the expense being incurred from 30 March 2022 until 30 June 2023. The training can be in-person or online. Click here for eligibility and more information.
To help digitise your small business, the ATO is allowing small businesses to claim an additional 20% tax deduction on technology expenses incurred between 30 March 2022 and 30 June 2023. Eligible items are computer and telecommunications hardware and equipment, cyber security systems, digital marketing and e-commerce devices. Click here for eligibility and more information.
Click here for more information to help get your business ready for tax time.
