Small Business Technology Investment Boost

About this grant

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

Eligibility requirements

All of the following criteria must be met:

• 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.
• 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.
• Free productivity assessment for employers of people with a disability
• Flood property assessments for property owners in nsw
• Tax deductions for primary producer deposits

What the funding covers

• Tax deductions.

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-technology-investment-boost for application details

Application tips