Skills & Technology Boosts Webinar

How to take advantage of the long-awaited bonus deductions 

What does and doesn’t qualify for the boosts
Key timing issues
Practical issues, calculations and problem areas

A Live Instructor Led Webinar

It has been a long time coming, but legislation introducing the Skills and Training Boost and the Technology Boost has finally passed through Parliament and is now law. As these tax incentives will only be available for a limited period of time it is important to get up to speed on the rules as quickly as possible.

The boosts provide eligible businesses with a bonus tax deduction for qualifying expenditure that relates to training employees and digitising the operations of the business. However, there are some strict conditions that need to be satisfied to qualify for the additional deductions and it is important to understand the parameters of the rules before clients commit to additional expenditure.

The Skills & Technology Boosts Webinar looks at the conditions that need to be satisfied to access the boosts, how to calculate the bonus deductions that can be claimed and practical issues that clients are likely to face when seeking access to the boosts.

Total 1.5 CPD Hours

Details

Recorded: 9 August 2023

FAAA accredited for 1.5 CPD hours (31231)

  • 1.5 Tax (financial) advice

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

This practical webinar covers:

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • When the expenditure needs to be incurred to access each of the boosts
  • The type of expenditure that can qualify for bonus deductions and the items that will miss out
  • How to calculate and claim the deductions
  • Applying the Technology Boost rules to expenditure on depreciating assets
  • The flow-on tax impacts for companies, unit trusts and discretionary trusts

Our presenter

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.