Reduce your tax by getting your new website before June 30

Published on April 9th, 2016

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Reduce your tax by getting your new website before June 30

It makes a lot of financial sense to bring forward expenditure in the last quarter of the financial year, in order to manage cashflows efficiently, including minimisation of company tax.

So if you are planning to upgrade or purchase a new website for your business and reduce your tax, now is the time to act in order to lock in the expense prior to 30 June. Web-_Design_Melbourne

It may be possible to obtain an immediate tax deduction or spread it over a period of years, subject to the method used to claim the expense. And costs for running and maintaining a website are generally immediately deductible in the year the expense in incurred.

For Australian companies, the year in which deductible expenses for websites and annual web hosting can be made is June 30 of each year.

If you decide to upgrade or get a new website from Webtron, we can issue the invoice before the end of the tax year. 

Even if you don’t pay for it straight away, you can still get a tax deduction for the expense in this financial year.

One word of warning: this is typically our busiest time of year for taking orders on new websites, due to the fact businesses just like yours are trying to reduce their tax prior to June 30 too. So the sooner you place the order, the earlier Webtron will be able to start designing your new website.

Please refer to the Australian Tax Office (ATO) website for further information regarding income and deductions, and claiming website costs: https://www.ato.gov.au/Business/Income-and-deductions-for-business/In-detail/Other-deductions/Claiming-website-costs/

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