100% Tax Deductable Art
It's that time of year again - TAX TIME!!
Nobody get's excited about completing their tax returns except art lovers.........Did you know that the Australian Taxation Office states that small to medium businesses can purchase art for the workplace and claim a 100% tax deduction for the current financial year. It's called an 'Instant Asset Write-Off' and multiple artworks can be purchased up to a value of $20,000 each.
So get measuring those walls as you have one month left to cash in on this and remember to keep those receipts!!
* Please check with your accountant or tax advisor to confirm your individual eligibility criteria.