Date posted: 25/10/2023

Are you eligible to receive a 20% deduction on CA ANZ produced training?

The Australian Government has introduced a boost to encourage small businesses to train and upskill their staff.

In brief

  • Small businesses may be eligible to claim a bonus 20% tax deduction for the costs incurred in relation to CA ANZ training provided to their employees.
  • This is for a limited period only: training costs must be incurred between 7.30pm 29 March 2022 and midnight 30 June 2024.
  • Enrolment must also occur after 29 March 2022 and before midnight 30 June 2024.

The Australian Government has introduced a small business skills and training boost for small businesses with an aggregate turnover of less than $50 million.

These businesses may be eligible to claim a bonus 20% deduction for eligible training expenditure – which includes training providers that are registered under the Tertiary Education Quality and Standards Agency Act 2011 (TEQSA), like Chartered Accountants Australia and New Zealand (CA ANZ). 

Enrolment or registration for the training programs, must be incurred after 29 March 2022 and before midnight 30 June 2024. The training must be charged directly or indirectly to the business by the training provider.  

The following training products offered by CA ANZ may be deducted at 120%, provided that the other eligibility requirements are met (for example, the size of the business, timing of expenditure and enrolment or registration and that the training is provided to an employee): 

  • Award and non-award subject enrolments in our TEQSA accredited Graduate Diploma of Chartered Accounting course. This course forms part of our CA Program.
  • CA ANZ produced continuing professional development (CPD) programs and other courses that do not fall under our TEQSA registration. These include (but are not limited to):
    • Conferences (e.g., Audit and Accounting conference, Tax conference)
    • Seminars (e.g. Tax Training Communities, Navigating Your Career: Strategies from Experienced CAs on Progression and Negotiation)
    • Workshops (e.g., Fringe Benefits Tax workshop, Winter Tax and Super School)
    • Webinars - live and pre-recorded (e.g., Excel tips and tricks business series, Special Tax and Super topics)
    • CA ANZ’s other produced courses (e.g. Public Practice Program, Chartered Accountants Masterclass and our range of Micro courses), and
    • CA ANZ produced on-site training at a client’s premises. 

Training costs that may be covered include (but are not limited to) incidental costs, such as the cost of books or equipment needed for the course/training/CPD programs, provided they are charged by the provider, like CA ANZ.   

Training provided by CA ANZ to sole traders or partners will not likely qualify for the claim/boost as the legislation specifies that the training must be provided to employees.   

Tax area of Tools and Resources

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Small business skills and training boost

Check if you can claim a 20% bonus deduction on certain eligible training expenditure for your employees.

Visit the ATO website

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Disclaimer: 

This article has been prepared for use by members of Chartered Accountants Australia and New Zealand (CA ANZ) in Australia and New Zealand only. It is not intended for use by any person who is not a CA ANZ member and/or does not have appropriate expertise in the Guide’s subject matter. This article is intended to provide general information and is not intended to provide or substitute legal or professional advice on this specific matter. Laws, practices and regulations may have changed since publication of this article. You should make your own inquiries as to the currency of relevant laws, practices and regulations. No warranty is given as to the correctness of the information contained in this article, or of its suitability for use by you. To the fullest extent permitted by law, CA ANZ is not liable for any statement or opinion, or for any error or omission contained in this article and disclaim[s] all warranties with regard to the information contained in it. CA ANZ is not liable for any direct, indirect, special or consequential losses or damages of any kind, or loss of profit, loss or corruption of data, business interruption or indirect costs, arising out of or in connection with the use of this publication or the information contained in it, whether such loss or damage arises in contract, negligence, tort, under statute, or otherwise.  
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