The ATO introduced two measures to support small businesses, the Small Business Technology Investment Boost and the Small Business Skills and Training Boost.

Small business skills and training boost

The small business skills and training boost provides a temporary bonus deduction to small businesses (with aggregated annual turnover of less than $50 million). Small businesses will be able to deduct an additional 20% on top of their ordinary deduction for expenditure they incur in providing eligible external training courses to employees through eligible registered training providers in Australia.

The additional 20% bonus deduction is on top of your ordinary deduction for the cost of eligible training expenditure incurred between 7:30 pm (AEDT) on 29 March 2022 and 30 June 2024. It applies to enrolments or arrangements for the provision of training made or entered into at or after 7:30 pm (AEDT) on 29 March 2022.

For further details and guidance on how and when to claim these boosts, you can visit the specific ATO webpage

In Trust Tax Return (TRT- you can find it in "Depreciation" tab