Would businesses like flying schools be eligible for support under the Technology Investment Boost as announced in the Budget? ADSB-IN, big-screen Garmin thingamabobs, big-screen iPads.
The Government is providing $1 billion to support small business digitalise their operations with a new bonus tax deduction. Businesses with an aggregated turnover below $50 million per annum will be able to deduct an additional 20 per cent of the cost incurred on business expenses and depreciating assets that supports their digitalisation. This will encourage businesses to invest in new laptops, improve cyber security, design a new website or adopt new software services.