Small Business Skills and Training Boost

About this grant

This initiative provides small businesses with a bonus tax deduction to help them train new staff and upskill existing staff.

Eligibility requirements

All of the following criteria must be met:

• Small businesses.
• Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction for external training courses delivered to employees by registered training providers.
• The boost applies to eligible expenditure incurred from 7:30 pm aedt on 29 march 2022 until 30 june 2024.
• The expenditure must be:
• For the provision of training to employees of your business, either in-person in australia, or online
• Charged, directly or indirectly, by a registered external training provider that is not you or an associate of yours
• Already deductible for your business under taxation law
• Incurred within a specified period (between 7:30 pm aedt or by legal time in the act on 29 march 2022 and 30 june 2024).
• To access the small business skills and training boost, your business needs to be a small business entity. your aggregated annual turnover must be less than $50 million for the income year in which you incur the expenditure.
• Opportunity to procure a government solution in the nt
• Wage subsidies for qld small and family construction businesses
• Payments for wa businesses hiring new apprentices or trainees

What the funding covers

• Additional 20% tax deduction.

How to apply

1. 1Confirm readiness: Ensure you meet criteria (e.g., ABN, turnover limits, GST registration), align project objectives with grant goals, and estimate time for evidence gathering and writing.
2. 2Gather evidence: Collect documents like financials, business plans, market research, project budgets, resumes, risk analysis, and support letters to prove capability and impact.
3. 3Register/log in: Obtain an Australian Business Number (ABN) if needed, sign into the relevant portal (e.g., Business Grants Hub portal), and note any prerequisites like advisory service reports.
4. 4Prepare and write application: Address all selection criteria clearly (project details, government alignment, costs, outcomes, benefits); keep concise, factual, and compelling; validate for completeness.
5. 5Review, approve, and submit: Proofread, get stakeholder sign-off, submit online via the portal before deadline (no late entries); expect eligibility check, merit assessment, and outcome notification.
6. 6Visit https://business.gov.au/grants-and-programs/small-business-skills-and-training-boost for application details

Application tips