bonus tax deduction – Dymond Foulds & Vaughan

Small business energy incentive

Posted on 5 Oct 2023 by admin

The Federal Government has released plans to introduce a small business energy incentive to help small and medium businesses electrify and save on their energy bills. The proposal was in the consultation stage until late July, but once implemented it may see businesses with an aggregated annual turnover of less than $50 million gain access to […]

Small business bonus deduction: technology investment

Posted on 5 Oct 2023 by admin

Small businesses may be able to get a bonus 20% tax deduction for any business expenses and depreciating assets used to improve their digital operations. This includes digital enabling items such as computer software and hardware, digital media and marketing, e-commerce related goods or services, and systems or monitoring services related to cyber security. The […]