Skills and Training Boost – Federal Budget

Last week the 2022-23 Federal Budget Announcement included incentives for small businesses to upskills employees, by boosting employees skills for future business growth.

Under the new measures, small businesses will be able to claim a bonus 20 per cent deduction for the cost of external training courses delivered to employees in Australia or online, by providers registered in Australia.

Even better – you do not need to wait until July to take advantage of these incentives; if you pay for training courses between now and 30 June 2022 you can claim this additional amount in the current financial year.

This means that for every $100 you spend on upskilling your team with training, you will get a $120 tax deduction! 

More skilled employees will drive productivity gains and enhance business growth. The boost will apply from now until 30 June 2024;

To find out more, including all terms and conditions and eligibility on the Australian Government Budget website:

View our range of training courses OR get in touch with our team today to upskill your workforce!


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