Posts on topic: deduct

Tips, hints and ideas for success selling online by eCorner


eCorner blog

 

eCorner eCommerce Blog

 

Selling online is a great subject to write about as it is constantly changing and evolving. Each month new start-up businesses bring in new ideas. There are lots of opportunities to improve your online business for B2B or B2C. If you have any questions about eCommerce try our FAQs and Ideas Center or just send us a comment or email.

Published on by

What costs for my website are deductible?

Read entire post: What costs for my website are deductible?

The deductions available for the costs you in incur setting up a website have long been a point of speculation, as the general principles available in Australian tax law were mostly invented before the internet was as prevalent or pervasive as it is now (or in some cases long before the internet existed at all).

On 14 December 2016 the Australian Taxation Office (ATO) has published their views on the topic in a public ruling titled: TR 2016/3: Income tax: deductibility of expenditure on a commercial website.

Through this ruling the Commissioner seeks to clarify the ATO’s expectations in relation to the treatment of expenditure incurred by a business in relation to its online presence. However, does it actually make commercial and practical sense?

Read entire post