The Australian Taxation Office (ATO) has announced a small business energy incentive, providing an additional 20% deduction on spending that supports electrification and more efficient use of energy.
---
Small business energy incentive
On 30 April 2023, the Australian Government announced it will provide businesses with an annual turnover of less than $50 million with an additional 20% deduction on spending that supports electrification and more efficient use of energy.
Eligible assets …