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#EveryoneNeedsAPlan: Small Business Energy Incentives for 2024 FY
Posted by Dean McKinnon
on 22 December 2023
Your business may be eligible to claim a tax deduction of up to $20,000 in the 2024 FY for expenditure related to electrification or efficient energy use.
- The deduction is limited to 20% of the expenditure, for expenditure up to a maximum of $100,000
- A business purchasing or upgrading solar systems (e.g., panels or batteries) is a good example
If you're unsure if your business is eligible to claim the Energy Incentive, contact your Account or Tax Agent, or Contact Us if you need a referral to a tax professional.
Author:Dean McKinnon
| Tags:Tax |
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