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Announcement: Government Small Business Boost – Claim a 120% tax rebate on digital services!

Small Business Technology Investment Boost

Announcement: Government Small Business Boost – Claim a 120% tax rebate on digital services for the 2022-2023 financial year!

Small Business Technology Investment Boost

Small businesses (with an aggregated annual turnover of less than $50 million) will be able to deduct an additional 20 per cent of the cost incurred on business expenses and depreciating assets that support their digital adoption, such as portable payment devices, cyber security systems or subscriptions to cloud-based services…

Businesses may continue to deduct expenditure that is ineligible for the bonus deduction under the existing tax law. We will provide further details on eligible expenses once the law has passed.

An annual $100,000 cap will apply to each qualifying income year. Businesses can continue to deduct expenditures over $100,000 under existing law.

What you can claim back

Digital Marketing Products & Services such as:

– Websites and landing pages

– Branding

– Social Media Marketing

– Social Media Managerment

– Video Production

– SEO

– PPC (Pay per click advertising)

– Offline Marketing

At Think Tank Digital Marketing we are a full-service digital production and marketing agency that assists in the online presence and growth of SMEs. If what you’re after is not on the list reach out to see if you’re eligible! info@ttbservices.com.au.com.au or (02) 44 111 063

As always with things like this, we advise you should speak to your accountant. But basically, this means we’re for the most part a free service for our clients depending on their situation. If you know of a small business that could use some professional help we’d appreciate the referral.