Seriously, the government is being really awesome and helping small businesses embrace the 'digital evolution' (cue trumpet sounds 🎺).

Small businesses that spend on new technologies and training courses to upskill staff will be able to claim 120% of the costs as deductions, as part of budget measures that will cost the government $1.6bn in tax revenue. 💰

For the estimated 3.6m businesses with an annual turnover of less than $50m, eligible costs incurred from Tuesday evening (29/03/22) can be deducted from their taxable revenue at an amount greater than what was actually spent.

As Frydenberg (scomos right hand man) said, “Every hundred dollars these small businesses spend on digital technologies like cloud computing, e-invoicing, cybersecurity and web design will see them get a $120 tax deduction". What. A. Legend.

Here's hoping all gets passed in the coming months! We'll keep you posted.

But seriously, run, don't walk if you want to get a website built with us! We'd love to chat. 💻🖥📲