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Best-laid plans

Technology

Budget incentives for small businesses to spend on technology and training need to be legislated by the next government so that the scheme can get properly underway.

By Robyn Tongol•08 April 2022•1 minute read

On this special Accountants Daily podcast, Tony Greco, general manager of technical policy at the IPA, says the 120 per cent deductions for investments in skills and digital uptake have stalled on the starting line due to insufficient details.

Tony also talks about another pressure point from the budget for accountants at the end of the low to middle income tax offset – or LMITO – which will look like a tax increase to many clients. Now’s the time to temper expectations, says Tony.