Posts tagged "small business tax deduction"

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.

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 Albanese government's pre-budget announcement of $20,000 for SMEs may not be everything it's cracked up to be, critics say.

The immediate tax deduction for small business announced in the federal budget has been broadly welcomed, but what may have been missed is t…