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Here's what the government's $1.2 billion digital economy plan means for SMEs


Prime Minister Scott Morrison. Source: AAP/Lukas Coch.
Small businesses are set to benefit from a $1.2 billion boost to the government’s digital economy strategy that will include changes to the tax treatment of intangible assets, access to digital technology advice and funding to accelerate the take up of e-invoicing.
Prime Minister Scott Morrison today announced the increase in spending ahead of the May 11 budget, saying digital transformation in Australia “needs to happen”.
“We must keep our foot on the digital accelerator to secure our economic recovery from COVID-19,” he said.
Changes to intangible assets tax write-offs
As part of the $1.2 billion injection into the national digital economy strategy, $170 million will be allocated to overhaul the tax treatment of intangible assets. ....

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Sydney cyber SaaS player Avertro expands into Singapore


Sydney cyber SaaS player Avertro expands into Singapore
Sydney cyber SaaS player Avertro expands into Singapore
Seeks multiple distributors and channel partners in the market.
Credit: Dreamstime
Sydney-founded cyber security start-up Avertro has launched a footprint in Singapore as part of a major push into the Asian market. 
The venture-backed software-as-a-service company has begun a hunt for an in-country leader for Asia as well as a local distributor and channel partners. 
Avertro provides a software-as-a-Service (SaaS) platform that focuses on the “business benefits of cyber security”, which the company says “quantifies the value for the whole organisation”. 
Founder and CEO Ian Yip added that cyber security was a key investment for both the Singapore government and local organisations.  ....

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