Budget Highlights for Business Owners

Technology Investment Boost $1.0┬ábillion for a new Technology Investment Boost to encourage small businesses to go digital. Small businesses with annual turnover less than $50┬ámillion will be able to deduct a bonus 20% of the cost of expenses and depreciating assets that support digital uptake. This includes; portable payment devices, cyber security systems and subscriptions to cloud-based services. The boost …