Posted by Cameron Francis on 08 Apr , 2022 in
Last week’s federal budget announcements from Josh Frydenberg have been a breath of fresh air for small businesses in Australia who are now even more incentivised to invest in digital transformation.Cameron Francis, CEO and Founder of ETRAFFIC, has taken the time to summarise what the announcement means for Australian small businesses below:
The different types of eligible expenses include the following:
Investing $50,000 on a website overhaul in order to improve sales with the inclusion of automation software will allow for an extra deduction of 20%. This equals a deduction of $10,000. With the average tax rate being 25%, this means there’s a potential $2,500 in tax savings.
Don’t miss out! Get in touch with ETRAFFIC today to learn how we can help you with your website, sales, and digital marketing strategies.