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May 2024
Small business technology investment boost
About the boost Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction to support their digital operations and digitise their operations. The boost applies to eligible expenditure incurred between 7:30 pm AEDT on 29 March 2022 and 30 June 2024. The boost is for business expenses and depreciating assets and is capped at $100,000 of expenditure per income year. You can receive a
The method you use to charge for your products or services is critical to how much income you can generate and the extent of profit margin that’s created. What we are seeing: fixed fees that don’t cover the service delivery costs adopting competitor pricing that doesn’t reflect the real price hourly rates don’t work when you don’t record the time spent on the client/customer fixed-price long-term contracts becoming unviable with