Tax Update Series – February 2023
Small Business Technology Investment Boost Small businesses are able to deduct an additional 20% of the expenditure they incur for the purpose of digitising business operations. This may include portable payment devices, cyber security systems and cloud-based service subscriptions. The concession ends 30 June 2023 and has a cap of $100,000. Small Business Skills and Training Boost Small businesses are able to deduct an additional 20% of the expenditure that… Read more