Explained: $20,000 SME tax breaks on energy efficient upgrades
Treasury has released an exposure draft on the $314 million plan, which aims to make small businesses more energy efficient.
Source: smartcompany.com.au
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Must-knows for small businesses by June 30 - Dynamic Business
As tax time approaches, the Australian Taxation Office (ATO) is urging small businesses to take note of these three crucial factors
Emma Tobias Australian Taxation Office Small Business Skills Training Boost Commissioner Emma Tobias
Source: dynamicbusiness.com
SMEs have until June 30 to claim up to $20k in tech tax bonuses
The Technology Investment Boost promises 20% ‘bonus’ tax breaks to SMEs investing in tech of up to $100,000.
Source: smartcompany.com.au
Twenty end of financial year tax tips for small business in 2023
SmartCompany asked experts from across the accounting field about how small businesses should optimise their tax return this year.
Source: smartcompany.com.au
Five laws for startups, SMEs that passed in Parliament this week
Tax breaks, changes to unpaid parental leave, and a creative industry support policy have all been voted through into laws in recent days.
Australian Capital Territory Tony Burke Lukas Coch Technology Investment National Employment Standards Training Boost
Source: smartcompany.com.au
SMEs to gain new government tax incentives
The Albanese government has announced the delivery of $1.5 billion in new tax incentives for small- to medium-sized businesses.
Jim Chalmers Julie Collins Adrian Suljanovic Stephen Jones Technology Investment Technology Investment Boost
Source: theadviser.com.au
Senate debate over clean energy fund holds up SME tax breaks
The omnibus bill giving effect to $1.55 billion in small business tax breaks has been agreed to in the Upper House, with amendments.
Source: smartcompany.com.au
Major SME deductions on tax return form yet to pass into law
Businesses cannot claim bonus tax deductions under the Technology Boost and Skills and Training Boost until they become law, the ATO says.
David Pocock Clean Energy Finance Corporation Australian Chamber Australian Tax Office Australian Taxation Office Australian Taxation
Source: smartcompany.com.au
Government pushing for $1 billion SME tax break before June 30
Legislation enacting the $1 billion Technology Investment Boost remains before the Senate ahead of a key June 30 deadline.
Source: smartcompany.com.au
$1.5 billion in 'bonus' tax deductions for small business not yet law
'Bonus' tax deductions incentivising small businesses to invest in digital upgrades and staff training in 2022 are yet to be passed into law.
Unsplash Christina Jim Chalmers Josh Frydenberg Technology Boost Training Boost Treasurer Josh Frydenberg
Source: smartcompany.com.au