Claim your website as a Tax Deduction
Mounting costs for your new business…
The cost of starting a small business can creep upwards quite quickly. You have so many expenses to consider, the cost of buying equipment, business names, dealing with an accountant, marketing (i.e Local SEO or Search Engine Optimisation), and setting up a website. The cost of a website specifically can be in the hundreds, or even thousands, depending on the quality.
However, one thing some business are not taking into account is… Tax Claims. If you incur expenses whilst setting up a website, or even hosting charges for your website, you can claim these on your tax.
How the Tax part works…
It’s quite simple really. Let’s break it down into an easy example.
Let’s say your small business bought a $2000 website hosting and Local SEO package this year. You also have a charge of $50 a month for service fees, and you purchased your own business domain name. You can claim a deduction of $2000 with this year’s tax return, under the simplified depreciation rules. You can also deduct the monthly and yearly fees in the year that you incur those expenses.
So what does this mean?
Because you’re able to claim this expense on tax, you’ll effectively get it back at tax time. So what does this mean for you? Well… it means if you work it out correctly, that you’re getting a website for no cost. Your on-going fees will cost you nothing, your search engine optimisation plan will cost you nothing and getting customers through your door with Local SEO will cost you nada.
If you’re interested in having a chat about getting your business up on the web, then we’d be happy to chat and see how we can help. We specialise in Local SEO, Search Engine Optimisation, Website Development and much more. Feel free to contact us and have a chat today.