How we can help in Federal Government’s 2022 budget

Take your business digital with help from the Federal Government’s 2022 budget

There is always talk around Australia after any Federal Government’s budget about who the winners and losers are. This time we think it is quite simple, the winner is you!

Small businesses have hit the jackpot in our opinion, with several investments being made to assist them in recovery from a rough time during the pandemic. One of those investments is the Technology Investment Boost; a $1.0 billion investment to assist small business with taking their business online.

What does the Technology Investment Boost involve?

This budget inclusion applies to Australian small businesses with an annual turnover of less than $50 million and applies to expenditure incurred from 7.30PM AEST on 29/03/2022 until 30/06/2023.

Eligible businesses will be able to claim a bonus 20% deduction for the cost of expenses supporting digital uptake, up to $100,000. This includes spending on services such as:

- Online sales platforms

- Cyber security

- Cloud computing

- Portable payment devices

- Website design

- Simply put, this means for every $100 you spend on these digital technologies, if eligible, you can claim a $120 deduction!

Now is the time to go digital

What does all this mean?

It’s an excellent time to invest in your business’ digital growth and make the most of all that going digital can do! Build that website, help your staff be more efficient, and provide your clients and customers with seamless online experiences.

At VTH, we can help you with this! We are the experts in Timber and Hardware online solutions, check out our Clients and see for yourself the vast array of websites VTH has built already. Or review our range of add-on Digital Services, each eligible to be claimed for Businesses with annual turnovers under $50 million. This means you can benefit from our superbly designed, highly functional websites and services whilst taking advantage of the Governments incentives.

We think this is an incredible initiative from our Federal Government and look forward to helping businesses like yours grow. Contact us today to learn more about our digital technology services!