As part of the Federal Budget 2022-23, the Skills and Training Boost will grant small businesses (with aggregated annual turnover of less than $50 million) access to a 20% bonus tax deduction for the cost of external training courses for employees of the business by registered training providers in Australia.
The boost is applicable to expenditure on training incurred between 29 March 2022 to 30 June 2024.
Find out more here.