Small Business Technology Investment Boost

Open

Maximum of $20,000

Always Open

National

Grant Description

The Small Business Technology Investment Boost allows small businesses to claim a 20% bonus deduction on technology expenditure to help digitise their operations. This initiative supports small businesses with an aggregated annual turnover of less than $50 million. The boost applies to eligible expenditure incurred between 29 March 2022 and 30 June 2023.

What It Funds

Eligible activities include digital enabling items such as computer and telecommunications hardware and software, digital media and marketing, e-commerce support, and cyber security systems. The boost is capped at $100,000 of expenditure per income year, with a maximum bonus deduction of $20,000.

Eligibility Criteria

Aggregated annual turnover must be less than $50 million for the income year in which the expenditure is incurred. Expenditure must be deductible under taxation law. Expenditure must be incurred between 7:30 pm AEDT 29 March 2022 and 30 June 2023. For depreciating assets, they must be first used or installed ready for use by 30 June 2023.