Small businesses, which are the heart of the Australian economy and local communities, employing nearly eight million Australians, will be able to save nearly $1.6 billion (US$1.2 billion) on their tax bills for going digital and training workers in the latest federal budget. The tax break consists of two parts, the first being a $1 billion technology investment boost, which reduces the cost of going digital, supporting businesses to invest more in their digital capability. The second part includes a $550 million skills and training boost, which encourages small businesses to train new staff and upskill existing staff, helping them to be innovative and grow. Australian Small Business and Family Enterprise Ombudsman Bruce Billson welcomed the government’s proposal, saying that the budget is another incentive for small businesses to build their digital capacity. “This is another incentive for small and family businesses to go digital and invest in items such …
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