There are many perks to using Plant Assessor, but now there’s even more reason to celebrate if you’re a small business owner.
The federal government is offering bonus tax deductions for those companies that have invested in business technology, and Plant Assessor customers may be eligible! Find out more details about these bonus deductions in this article.
Small business technology investment boost
The small business technology investment boost allows small businesses with an aggregated turnover of less than $50 million to deduct an additional 20% of the expenditure incurred as a result of digitising business operations. The additional 20% deduction applies to expenditure up to $100,000 each qualifying income year, while expenses beyond this amount can still be deducted under existing law. This bonus deduction can be applied to expenditure incurred between 29th March, 2022 and 30th June 2023.
You can find more information about the small business technology investment boost here.
Contact Plant Assessor
Discover how Plant Assessor can assist you with your machinery compliance and safety needs. Contact our friendly team by phone 1300 728 852 or via email on email@example.com.
Disclaimer: This information is intended to provide general information on the subject matter. This is not intended as legal or expert advice for your specific situation. You should seek professional advice before acting or relying on the content of this information.