Dear Clients,


The budget announced the Australian Small Business Technology Investment Boost will come to an end on 30th June 2023.

This is an opportunity for eligible small businesses to invest in their technology infrastructure


  1. It must be new and not previously used or leased by your business or any other entity.
  2. The assets must be used or installed ready for use before 30th June 2023
  3. You receive an additional 20 per cent deduction on expenses and depreciating assets that support digital operations.
  4. An annual $100,000 cap on expenditure will apply to each financial year so at most, a bonus $20,000 tax deduction can be claimed.


According to the Australian Taxation Office, eligible assets include:

  1. Computer hardware
  2. Computer software including subscription to cloud-based services
  3. Website development
  4. Security systems, both physical and cyber
  5. eCommerce solutions including portable payment devices, point-of-sale systems and payment gateways
  6. Digital media and marketing
  7. Office equipment such as printers, scanners, multi-function copiers, etc
  8. Communication equipment such as headsets, video conferencing tools, VOIP-enabled phones, etc.


You could separate these expenses but it is preferred you use the Xero software to mark and track these expenses.

This is likely to be outside of your current bookkeeping scope but worth the small investment to include.

If you are considering making an investment in your technology infrastructure, I strongly encourage you to take advantage of this program before it ends.

Read more about this boost here;

Adrian Chaudhary FCA CFP JP

General Advice warning: the information in this article is general in nature, it is not advice specific to your needs. If you want to act upon the information in this article then you should seek advice from a qualified professional. VJC accepts no liability to any party for acting from this information unless they have sought advice in a formal engagement with VJC for this purpose.