Small business technology investment boost factsheet

What’s in the Small Business Technology Investment Boost factsheet?

On 29 March 2022, the Australian Federal Budget was announced. With many SMEs still feeling the economic impact of Covid-19, the 2022 Federal Budget included funding to help Australians navigate the rising cost of living and provide incentives to small businesses.

Among the funding was one tax incentive designed to increase small business uptake in digital technology – the Small Business Technology Investment Boost. We’ll cover everything you need to know about it, and how much you can save with Employment Hero while this scheme is in place.

Disclaimer: The information in this report is current as at 23 May 2022, and has been prepared by Employment Hero Pty Ltd (ABN 11 160 047 709) and its related bodies corporate (Employment Hero). The views expressed in this report are general information only, are provided in good faith to assist employers and their employees and should not be relied on as professional advice. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damage arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this report. You should undertake your own research and seek professional advice before making any decisions in reliance on the information in this report. You can find a full overview of the 2022/23 Australian federal budget here.