Note :Small businesses (with an aggregated annual turnover of less than $50 million) will be able to deduct an additional 20 per cent (total of 120%) of the cost incurred on business expenses and depreciating assets that support their digital adoption, such as subscriptions to cloud-based services. An annual $100,000 cap will apply to each qualifying income year. This boost is for eligible expenses before 30 June 2023.