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Small Business Skills and Training Boost


The Small Business Technology Investment Boost and Small Business Skills and Training Boost by the Federal Government offer small business grants for employee training to make up for your expenses.  

According to the Australian Taxation Office (ATO), subject to law, small businesses will be able to deduct an added 20 per cent of the cost incurred on business expenses and depreciating assets that support their digital adoption, such as portable payment devices, cyber security systems or subscriptions to cloud-based services.  

The ATO defines small businesses as organisations with an aggregated annual turnover of less than $50 million.

For the new Small Business Skills and Training Boost, an annual $100,000 cap on expenditure will apply to each qualifying income year.  

For related training and upgrades beyond these, small businesses can find support under existing laws.  

  • Small businesses can continue to deduct expenditure that is ineligible for the bonus deduction under the existing tax law.  

  • Businesses can also continue to deduct expenditures over the $100,000 cap under existing law. 

This measure will apply to business expenses incurred in the period beginning from 7:30 pm AEDT 29 March 2022 until 30 June 2023. 

According to the exposure draft legislation and associated explanatory materials, special rules will apply when the bonus deduction can be claimed in tax returns depending on a business's balancing date.