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Skills and Training Boost – 120% Tax deductions!

The Morrison Government is delivering $1.6 billion in tax relief to support small businesses to go digital and upskill their employees.

https://www.pm.gov.au/media/digital-and-skills-tax-boost-small-businesses

The Government’s Skills and Training Boost encourages small businesses to train new staff and upskill existing staff, helping them to be innovative and grow. This measure will provide tax relief of $550 million.

Small businesses (aggregated annual turnover of less than $50 million) will be able to claim a bonus 20 per cent deduction for the cost of external training courses delivered to employees in Australia or online, by providers registered in Australia. This boost will apply to eligible expenditure incurred from Budget night until 30 June 2024.

BOOK NOW – www.pptraining.net.au               Email: info@pptraining.net.au

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