Small Business Technology and Skills Boost – A Deeper Dive for SMEs Navigating the business landscape requires agility, especially when it comes to capitalising on financial opportunities. The recent 120% deduction on skills training and technology costs is one such opportunity for SMEs. To maximise its benefits, businesses must understand and act upon its nuances. Understanding the Significance This legislation isn’t just about tax reductions. It reflects a broader push for businesses to embrace digital transformation and invest in workforce development, aligning with global trends towards digitalisation and continuous learning. Eligibility Insights Business Turnover: The focus on SMEs with aggregate annual turnovers of less than $50 million ensures that budding enterprises, often with limited resources, can leverage technology and training to compete effectively in the...