Tax Benefits Proposed for Web Design
Are you one of the 3.6 million Australian business owners eligible to access the government’s $1 billion Technology Investment Boost?
On Tuesday night, Treasurer, Josh Frydenberg, handed down the federal government’s 2022-23 budget, which includes a plan to support businesses to go digital.
As detailed on the Budget website, small businesses that spend on new technologies like web design, will be able to claim 120% of the costs as deductions.
“From tonight, 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,” Frydenberg said.
To be considered a small business, you have to have an annual turnover of less than $50 million.
The news will no doubt see a boost in businesses taking advantage of this stimulus, and we want to ensure you don’t miss out.
Become a part of this digital revolution, by contacting Web Adelaide today. We will ensure you can benefit from this government incentive.
There’s no better time to invest in your business’ digital strategy. Contact us now by ringing 1300 429 530 or email us at email@example.com.