More small businesses are using a website to reach their customers. We understand how important this investment is for growing your business. If you pay for a website for your business, here are some things to remember about claiming the costs so you don’t miss out.
Claiming website costs
If you spend the money before your business starts, you claim the costs over five years once you start operating.
If you spend the money after your business starts, there are different ways of claiming a deduction. Depending on the cost, you’ll either be able to claim the full deduction in that year, or you’ll need to claim it over a number of years.
Claiming ongoing running and maintenance costs
You can also claim an outright deduction for some ongoing expenses associated with running and maintaining your website, such as domain name registration fees and server hosting costs.
Stay tuned
A public ruling on claiming website costs is under development
Plant and Associates Pty Ltd