EOFY Is Here - Invest in Your Digital Marketing

We woke up this morning and it was already mid-June. While we’re wondering where this year has gone, we also wanted to fill you in on the tax deductions available for your website creation, website management and social media management.

The Australian Government recognises that marketing is a necessary operating expense for businesses – you can claim these expenses as a tax deduction, reducing your taxable income at the end of the financial year (June 30).

There has (literally) never been a better time to invest in your digital brand. You can now claim 120% of website expenses – including website creation and ongoing expenses associated with running and maintaining your website – meaning that for every $100 spent on your website, $120 is tax deductible.

"...Technology Investment Boost to encourage small businesses to go digital... Small businesses with annual turnover less than $50 million will be able to deduct a bonus 20 per cent of the cost of expenses and depreciating assets that support digital uptake.”

So, if you’ve been thinking about updating your business website (or if you don’t have one!) – now would be a great time to speak to the Rhythm Digital team.

You may have also heard over the grapevine that Rhythm Digital is now offering social media management services. In a growing and ever-changing business environment, social media is a way to engage with existing and potential customers, reach new audiences, increase brand awareness and generate website traffic. While social media services are not included in the 120% tax deduction scheme, you are able to claim 100% of costs incurred as a tax deduction.

Give us a call on (02) 6766 9988 or send an enquiry to get the ball rolling and discuss your digital marketing requirements.