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

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