This was announced in the 22-23FY federal budget and while not yet legislated, it is intended to apply for both the 2022FY and 2023FY. The 2022FY claim actually goes into the 2023FY tax return so even if you have already lodged your 2022Fy business tax return you won’t have missed out. However, we strongly recommend that for tracking purposes you allocate training costs and software costs to an identifiable account in your ledger.
Happy claiming. 20% uplift on deductions is a decent free kick.
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