A draft bill is set to allow a “boost” to your deductions for business expenditure on employee training, digital media and marketing, e-commerce, computer hardware and software, and more. While this is not set to come into effect until the 2023 financial year, we recommend you make a note and keep receipts for this expenditure to maximise your claim. Have you been putting off a move to an ERP or an overhaul to your current systems? Have you been waiting for the right time to organise some upskilling for your staff? Now is a great time to potentially take advantage of these deduction boosts!
Additional REsources
Director ID Deadline Extended
The 30 November deadline for director IDs has been extended - directors now have until 14 December 2022 to apply without penalty. There are further extensions available for extenuating circumstances - please contact us if you would like assistance to...