Tax time training savings!

It’s that time of year again – tax time is coming up fast, and you may be looking to spend that last slice of L&D budget and lock in some training before the end of the financial year.

Well, if you haven’t heard – this year there’s an extra incentive: if you are a small business, you can claim training expenses incurred by June 30 in the next financial year and receive a bonus 20% tax deduction (on top of the existing deduction)!

This means that for every $100 you spend on training, you can get a $120 tax deduction.

This was announced at the 2022-23 Federal Budget announcement in March, as part of the ‘Skills and Training Boost’, and applies to external training courses delivered to employees in Australia or online, by providers registered in Australia – including Aveling.

This makes for a great incentive to continue to upskill your team, and no need to wait until July as you can reap the benefits now.

Book your team’s next course today, or talk to us about your needs: on 08 9379 9999 or at [email protected].

Find out more, including all T&Cs and eligibility on the Australian Government Budget website.