This is a great incentive for businesses looking to become more energy efficient.

Please note the following:

1.  It offers an additional 20% deduction on spending that supports electrification and more efficient use of energy.

2.  Your business needs to have a turnover of less than $50,000,000.  

3.  The date range is 1 July 2023 to 30 June 2024. The upgrade must be ready for use between these dates.

4.  The maximum bonus tax deduction is $20,000 per business.

If you would like to discuss further, please contact us:
 

McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandco.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.au

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