The Technology Investment Boost promises 20% ‘bonus’ tax breaks to small businesses investing up $100,000 in new tech, equating to a maximum deduction of $20,000.
Tax time is often the most stressful time of the year for small businesses, but a former Australian Taxation Office official has listed four tips to help entrepreneurs avoid the tax office's ire in 2023.
Australian lawmakers only have a handful of days to enact $1.55 billion in 'bonus' tax deductions before the new financial year begins, leading the tax office to provide new guidance to small businesses banking on those kickbacks for their 2022-2023 tax return.
The Australian Taxation Office (ATO) has revealed its priority hit-list for the end of financial year period, reminding workers and businesses to stay on top of their work-related expenses and potential capital gains requirements.
