Scott Morrison, Malcolm, and the gang are offering you a $20,000 tax deduction to offset against your website and hosting services. They don’t even care if it’s for new services or for renewals of ones you already have.
Better still, you can get your online business needs sorted not just for the next 12 months, but for the next decade. Just get it done before before June 30 and whether it’s for one year or ten, the deduction applies. Love your work, fellas!
Any small business or sole trader with an Australian Business Number is eligible for the tax deduction, if you have an annual turnover of less than $2 million.
How does it work?
Purchase the items outright and then offset the money against your tax bill. You can also claim as many products as you want, up to a total of $20,000.