Have you paid for external training for your employees? If so, you may be eligible for the skills and training boost from the Australian Taxation Office (ATO).
As a small business with a turnover of less than $50 million, you can claim an additional 20% bonus tax deduction for expenses incurred on training new and existing employees.
This covers external training courses your employees undertake, either in person or online. The training must be provided by a registered external training provider.
The boost is available until 30 June. It is not available to sole traders or independent contractors.
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