Tax deductible street art

Tax deductible street art                

 

We know from our own experience that art not only boosts morale in the work place. But it can distinguish businesses and impress clients. Now the government is giving small business a reason to invest in some custom canvas artwork for your business.

If you have been considering getting your business a unique custom artwork there is never a better time than right now. If you are a small business with a turn over under 2 million a year. You are eligible under the governments 2015 budget for a tax deduction for art work except stock, such as art from a gallery up to $20,000 this is available to small business until the 30th June 2017.

To be eligible there are a few requirements that must be met in order for the art work to be considered, they are as follows.

  • Businesses must have a turn over under 2 million
  • Must be used in some way for the business
  • Must be displayed / used in the business
  • Art work should be tangible
  • Art work must be able to be moved to another location i.e. canvas
  • Art work must be created by an artist with a registered ABN

So If you’re lobby, office, restaurant or bar is in need of new artwork now is the perfect time to contact our team and get your custom designed canvas artwork before the end of July 2017.

We do how ever recommend that you talk with your accountant so they can explain exactly how this will work for you and your business.

Make sure you check out the project we completed for Kings Content. Which we had custom built canvases built to size. Which we then painted their unique artworks on.

 

Send us a message if you would like to discuss what we could create for your workspace.

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