Are you a small business owner looking to enhance your workforce’s skills and save on taxes? We’ve got some fantastic news to share with you about the Small Business Skills and Training Boost initiative.

**What’s in It for You? 🌟**

Small businesses like yours now have the opportunity to supercharge their training efforts and enjoy an additional 20% tax deduction. Yes, you read that right – a tax deduction that can significantly benefit your bottom line!

**Who Can Benefit? 🎯**

This initiative is tailor-made for small businesses just like yours.

**The Inside Scoop 📢**

Here’s the lowdown: Small businesses with an annual turnover of less than $50 million can claim that coveted 20% tax deduction for external training courses delivered to their employees by registered training providers.

But wait, there’s more! This boost is valid for eligible expenses incurred between 7:30 pm AEDT on March 29, 2022, and June 30, 2024. To be eligible, your expenses must meet these criteria:

1. The training must be provided to your employees, either in-person within Australia or through online courses.
2. The charges for training must be directly or indirectly made by a registered external training provider (that’s not you or an associate of yours).
3. The expenses must already be deductible for your business according to taxation law.
4. The expenditure must fall within the specified period mentioned above.

**Are You Eligible? Check Now! 🧐**

To tap into the Small Business Skills and Training Boost, your business needs to qualify as a small business entity. That means having an aggregated annual turnover of less than $50 million for the income year in which you incur the relevant expenditure.

Ready to Learn More? 💡

This initiative offers a golden opportunity to invest in your team’s skills and save on taxes simultaneously. If you’re curious about how this can benefit your business or need assistance with navigating the details, don’t hesitate to get in touch with us. We’re here to support your financial success!

Stay tuned for more updates and tips to help your small business thrive. Your success is our mission! 🌟