Treasurer Josh Frydenberg has announced incentives for small businesses that invest in skills and new technology. "Starting tonight, for every hundred dollars a small business spends on training their employees, they will get a $120 tax reduction, helping them become more productive and competitive," Mr Frydenberg said. He said the government is also backing small businesses that are "embracing the digital resolution". "From tonight, every hundred dollars these small businesses spend on digital technologies like cloud computing, e-invoicing, cyber security and web design, they will get a $120 tax deduction. "Investments of up to $100,000 per year will be supported by this new measure."
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