Recently, the Federal Government announced it will support businesses with a tax deduction to support business technology and skills and training. If you’re looking to implement Locate2u before 30 June 2023 you can save!
Who does the Technology Investment Boost apply to?
For any business with an aggregated annual turnover of less than $50 million, you will be able to deduct an additional 20% of the cost incurred on business expenses and depreciating assets that support your digital adoption – up to $100,000 per year.
To see an example of how this could apply to your business have a look at the government website here
When does the investment apply?
This measure will apply to expenditure incurred in the period commencing from 7:30 pm AEDT 29 March 2022 until 30 June 2023.
Our special offer!
We love how the government is assisting businesses in helping them become more efficient by using technology. We wanted to do our part to help as well. We want to help as many businesses as possible in becoming more profitable as this will be great news for the economy.
If you sign up to Locate2u before 30th April 2022, we will reduce the cost of your annual subscription by an additional 20%. Sign up for our special offer here.**
For a quick overview of Locate2u check out this video.
*The example is based on figures provided by the Australian Government and is used for illustrative purposes only.
** Applies to new customers only.