Additional tax deductions for Web Design

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Deductions On Your New Website Design

The current batch of politicians, love them or hate them, are committed to helping businesses digitise as quickly as possible. 

Under changes announced last month during the 2022 Federal Budget Announcement, businesses are allowed to deduct $120 for every $100 they spend on services that support their digital capability. 

Regardless of where you stand, this is a pretty good deal.

And it includes, you guessed it, web design.

It is available for businesses with an annual turnover of less than $50 million allowing firms to claim the tax break on purchases made between now and June 30, 2024.

You little ripper!

web design tax deductions

So, say you spend $25K on a brand spanking new website, copywriting and SEO. You as a business owner can deduct $30K. That ultimately means, you can deduct an extra 20%, which should put that little bit more tax back in your pocket – thank you very much Mr Frydenberg. Businesses will be able to claim the “bonus” deduction on up to $100,000 of expenditure a year.

Win, win!

You get a brand new website that will help grow your business and it just costs you approximately 18% less. 

Happy days 🤩

We are partnering with Ben Walker from Inspire to dive into all of the above on our upcoming webinar, register to join us here.

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The wrap
Federal Budget Wrap-up
In summary

Do you need help building out your company’s digital presence?

Based on the Gold Coast, Five by Five are Australia’s digital marketing agency with experience in web strategy, web design, search engine optimisation, hosting & support, logo and branding, and copywriting.

Speak with the team today.

About the author
Jon Hollenberg
With over 20 years experience within the web industry, Jon is an expert in online marketing and online growth strategies. Over the last ten years he has worked with iconic brands such as Qantas, Jeep and the Currumbin Wildlife Sanctuary plus hundreds of other businesses Australia wide. Jon is a published author of "Love at first site - How to build the website of your dreams".
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