Small Business gets $1 billion in tax breaks to accelerate their digital adoption and step up cyber security defences

Mar 31, 2022 | Blog

Technology Investment Boost

More than 3.6 million small businesses with an annual turnover of less than $50 million will be able to claim a bonus 20 per cent deduction for the cost of expenses and depreciating assets, up to $100,000 of expenditure per year, incurred from Budget night until June 30 2023.

Eligible expenditure includes items such as portable payment devices, cyber security systems and subscriptions to cloud-based services.

Learn more about the Digital and Skills tax boost for small businesses.

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