Bonus Tax Deduction of Up to $20,000 for Small and Medium-Sized Enterprises

Jacob92322 May, 2023Other

Small and medium-sized enterprises (SMEs) in Australia are eligible for a tax incentive of up to $20,000 if they install solar panels, electrify their heating systems, or carry out other energy-saving procedures. By taking this action, the government hopes to persuade more companies to switch to cleaner energy sources and lessen their carbon footprint.