Calling all Australian small and medium-sized business owners! Are you eager to develop your team’s capabilities and stay ahead of the game? Look no further than the government’s Skills and Training Boost, and Essential Training is here to be your partner in maximising this fantastic opportunity.
Why Prioritise Staff Development?
Investing in your employees’ training delivers a wealth of benefits for your business:
- Sharpened Staff Skills: Elevate your workforce’s competencies, leading to improved performance and enhanced job satisfaction.
- Boosted Efficiency: Optimise business processes and minimise operational costs.
- Enhanced Competitiveness: Stay a step ahead of the competition by ensuring your team is equipped with the latest industry trends and innovations.
- Improved Staff Retention: Employees feel valued and motivated to stay with a company that invests in their professional growth.
- Agility in a Changing Market: Prepare your business with the skills necessary to navigate an evolving market landscape.
What is the Australian Skills and Training Boost?
This government initiative provides eligible businesses with an additional 20% tax relief on qualifying training expenses incurred for their employees. This translates to a $120 tax deduction for every $100 spent on eligible training. It’s a powerful way to invest in your team without breaking the bank.
Are You Eligible?
To qualify for this programme, your business must meet the following criteria:
- Business Size: Your company must be classified as a small or medium-sized enterprise (SME) with an annual turnover of less than $50 million.
- Training Purpose: The training content must be relevant to your daily business operations and delivered by a Registered Training Organisation (RTO) in Australia.
- Expenditure Period: Training expenses must be incurred within the current tax year (ending 30 June 2024) to qualify for the additional tax relief.
Examples of Qualifying Training
Here are some examples of training that can help your team and qualify for the Skills and Training Boost:
- Essential Safety Training: Fire Fighting, Warden Training, First Aid, CPR, Mental Health First Aid, and security awareness.
- Business Management Courses: Accounting, finance, and leadership development.
- Industry-Specific Skills Development: Hospitality, retail, manufacturing, and more.
How Essential Training Can Empower You
Essential Training is a leading RTO-approved provider offering a comprehensive range of high-calibre training courses spanning various safety skill sets. We can support you by:
- Identifying Your Training Needs: We’ll assess your current skill gaps and develop a tailored training plan to address them.
- Selecting the Perfect Courses: Our diverse course catalogue ensures you find the ideal fit for your employees’ development needs.
- Maximising the Boost: Contact us to see how we can assist with your training needs while maximising your boost before this offer ends!
- Providing Excellent Training: We are proud of providing high-quality training with field-expert trainers.
Don’t let this valuable opportunity pass you by! Contact Essential Training today to discuss your training needs and explore how we can empower you to leverage the Australian Skills and Training Boost.
