AUAustralia·Australia·Grant

Small Business Technology Investment Boost

Administered by Australian Government - Department of Industry

Closing in 0 days

Australian GovernmentBusiness SupportAustralia

About this grant

This initiative allows small businesses to claim a 20% bonus deduction on technology expenditure to help digitise their business.

Key facts

Funding amount$1 – $1.0M (non-repayable)

Deadline (0 days remaining)

Grant typeOpen

Funding typeGrant

CountryAustralia

RegionAustralia

Funding bodyAustralian Government - Department of Industry

IndustriesGeneral

Eligibility requirements

All of the following criteria must be met:

Small businesses.
Overview
Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction to support their digital operations and digitise their operations.
The boost applies to eligible expenditure incurred between 7:30 pm AEDT on 29 March 2022 and 30 June 2023. The boost is for business expenses and depreciating assets and is capped at $100,000 of expenditure per income year. You can receive a maximum bonus deduction of $20,000 per income year.
Eligible expenditure includes, but is not limited to:
digital enabling items – computer and telecommunications hardware and equipment, software, internet costs, systems and services that form and facilitate the use of computer networks
digital media and marketing – audio and visual content that can be created, accessed, stored or viewed on digital devices, including web page design
e-commerce – goods or services supporting digitally ordered or platform-enabled online transactions, portable payment devices, digital inventory management, subscriptions to cloud-based services, and advice on digital operations or digitising operations, such as advice about digital tools to support business continuity and growth
cyber security – cyber security systems, backup management and monitoring services.
Check if you can apply
To access the small business technology investment 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.
The expenditure must:
already be deductible for your business under taxation law
be incurred between 7:30 pm AEDT 29 March 2022 and 30 June 2023.
If the expenditure is on a depreciating asset, the asset must be first used or installed ready for use for a taxable purpose by 30 June 2023.
Apply now
Apply for the Small Business Technology Investment Boost
Find out more about your eligibility and how to apply.
Learn how to apply
Contact information
Phone:
13 72 26
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What the funding covers

Tax deductions.

How to apply

1Visit https://business.gov.au/grants-and-programs/small-business-technology-investment-boost for application details

Application tips

Apply on official website

Grant details are sourced from official public databases and reviewed weekly. Eligibility criteria, funding amounts, and deadlines may change without notice. Always confirm details on the Australian Government - Department of Industry website before applying.

FUNDING AMOUNT$1 – $1.0MNon-repayable grant

DEADLINE0 days remaining

GRANT TYPEOpen

COUNTRYAUAustralia

REGIONAustralia

INDUSTRIES

General

Apply on official website

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Eligibility requirements

All of the following criteria must be met:

Small businesses.

Overview

Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction to support their digital operations and digitise their operations.

The boost applies to eligible expenditure incurred between 7:30 pm AEDT on 29 March 2022 and 30 June 2023. The boost is for business expenses and depreciating assets and is capped at $100,000 of expenditure per income year. You can receive a maximum bonus deduction of $20,000 per income year.

Eligible expenditure includes, but is not limited to:

digital enabling items – computer and telecommunications hardware and equipment, software, internet costs, systems and services that form and facilitate the use of computer networks

digital media and marketing – audio and visual content that can be created, accessed, stored or viewed on digital devices, including web page design

e-commerce – goods or services supporting digitally ordered or platform-enabled online transactions, portable payment devices, digital inventory management, subscriptions to cloud-based services, and advice on digital operations or digitising operations, such as advice about digital tools to support business continuity and growth

cyber security – cyber security systems, backup management and monitoring services.

Check if you can apply

To access the small business technology investment 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.

The expenditure must:

already be deductible for your business under taxation law

be incurred between 7:30 pm AEDT 29 March 2022 and 30 June 2023.

If the expenditure is on a depreciating asset, the asset must be first used or installed ready for use for a taxable purpose by 30 June 2023.

Apply now

Apply for the Small Business Technology Investment Boost

Find out more about your eligibility and how to apply.

Learn how to apply

Contact information

Phone:

13 72 26