This month we look at: the 120% technology and skills 'boost' deduction, digital games tax break, and important tax changes in 2023.
- The 120% technology and skills 'boost' deduction
The 120% skills and training, and technology costs deduction for small and medium businesses have passed Parliament. We’ll show you how to take maximise your deductions. Page 1-3 and 6. Read More
The global digital games industry is worth around $250 billion and in Australia, grew 22% between 2020 and 2021 generating $226.5 million in income and employing over 1,300 fulltime workers. And, it’s an industry the Government wants to support with a new tax offset. Page 4 Read More
- Important tax changes in 2023
The ATO has made important changes related to employers and businesses, including superannuation increases, family and childcare subsidies, minimum wage increases, plus other updates to deductions from 1 July 2023. Page 5 Read More
Quote of the month:
“Decency is avoiding disrespect, not avoiding disagreement. Integrity is trying to get it right, not being right.”
Adam Grant, Professor, Wharton School
University of Pennsylvania
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