The Australian Taxation Office (ATO) has published guidance on the Small Business Skills and Training Boost that was introduced as part of the Treasury Laws Amendment (2022 Measures No. 4) Act 2023 in June 2023, providing small businesses with a bonus deduction equal to 20% of eligible expenditure for external training provided to their employees. The main guidance is as follows. Several examples are also provided in the full guidance.
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Small business skills and training boost
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