Small Business News: Small business energy incentive is now law
The small business energy incentive is designed to support businesses to invest in assets to improve their energy efficiency and help them save on their energy bills. This means eligible businesses will be able to receive a bonus 20% tax deduction for spending that supports more efficient energy use. Available for businesses with an aggregated annual turnover of less than $50 million, it applies to eligible assets and improvements up to $100,000. The maximum bonus deduction is $20,000 per business.
Visit the ATO website to find out more about the small business energy incentive.
More Recent News
-
Brisbane City Council Workshop - Double Your Profits Blueprint
Join this free Brisbane City Council workshop on Thursday, 20 March 2025, to learn how optimising key business metrics can boost your profits and support your growth. Read More -
IR Reforms Workshop
Still struggling to wrap your head around new IR laws? Get straightforward, practical advice from the Business Chamber QLD Workplace Relations team who are on the ground in Brisbane for another IR Reforms Roadshow. Read More -
Leasing Dispute Assistance
If you are having issues with your lease, a range of fact sheets provided by the Queensland Small Business Commissioner can help. Once you’ve attempted to resolve it yourself, there is also a mediation service for leasing disputes. Read More