From www.accountantsdaily.com.au: The Coalition has announced new tax incentives for small and family businesses, including a tapered tax offset for new businesses and a $2,000 tax deduction for technology upgrades.

The measures aim to create 350,000 small businesses over four years and support their growth during early operations.

The Council of Small Business Organisations Australia expressed support for these incentives, highlighting their potential to assist early-stage businesses and enhance digital capabilities.