Baker Collection Tax Time: Imagine immediately slashing your tax bill by investing back into your business. Well, guess what? You can.
The Australian government now allows 100% instant deductions on works up to $150,000 for this financial year. That’s right – you spend the money on eligible assets or improvements for your business, and you can write off the total amount on your taxes. It’s a win-win scenario.
Shrink your tax bill, but don’t delay. This is a limited-time offer, and it is ticking down with every passing second. The deadline is the end of this financial year. So, if there’s artwork you’ve been considering, now’s the time to get it done.
Consult with your financial advisor or accountant to understand the full implications. Every business is different, and what works for one might not work for another. But if you’re eligible, there’s no reason not to take advantage of this fantastic opportunity.
Save on taxes, invest in your business
Save on taxes. Invest in your business. Simple math adds to huge savings and a more robust bottom line.
Make your money work harder for you this financial year. Go for that 100% instant deduction and let your business reach new heights.
Remember, time is of the essence. You don’t want to let this golden opportunity slip away.
Imagine enhancing your business environment with beautiful, inspiring artwork and receiving a 100% tax deduction. As a business owner, you can now take full financial advantage of purchasing art for your business.
This golden opportunity allows you to spend up to $150,000 on each art piece and get a tax deduction. The best part is that there’s no limit to the number of artworks you can purchase. You can buy as many as you like and claim a deduction for each one.
- Imagine this: you purchase three artworks, each costing $60,000, for a total of $180,000. Even though your total spend is above $150,000, each artwork qualifies for the incentive because it costs less than $150,000.
Baker Collection fully supports using this tax deduction to purchase art. However, we always recommend seeking your tax advice to understand the terms and conditions thoroughly.
If you are a small or medium-sized business looking for ways to improve your workspace and make it more vibrant, this is an opportunity you want to take advantage of. So why wait? Start exploring stunning art pieces now and boost your business aesthetic while saving on your taxes.
Invest in art, reap the aesthetic rewards, and enjoy the financial benefits.
Your business deserves it
Have you ever walked into a space and been immediately drawn to the art on the walls? Now, imagine that happening in your business.
Art for small businesses is not just a decoration but an investment to create a vibrant and creative environment that can stimulate productivity. Transform your workspace into an art-filled sanctuary that instantly lifts the spirits of your employees and visitors alike.
So why wait? Call us on 0403 532 139, email us at [email protected], or drop by our studio today to explore the myriad artistic possibilities for your business.
Take advantage of this opportunity in this financial year and let your business reap the benefits of art. Remember, a beautifully decorated workspace is more than just aesthetics – it’s a conversation starter, a mood enhancer, and a testament to your brand’s personality.
Did you know your beloved artwork can be more than just a feast for the eyes?
Yes, you heard it right. According to a recent announcement, artworks are now considered depreciable assets. This means if you have any artwork used or displayed in your business premises, you can depreciate them – making them even more of an investment than you realised.
This applies to all artworks acquired from 12 May 2015 and will continue until 30 June 2024. So, if you’ve purchased any pieces for your business during this time frame, you are in luck.
What’s the rate of depreciation, you ask? A whopping 100%. This is a significant percentage, which could be a game-changer for businesses using art in their spaces.
“Remember, art isn’t just about aesthetics. It’s an investment. And now, it’s a depreciable asset, too.” Australian artist Nicki Baker-Comelli
Invest wisely in art, enhance your business premises, and maximise the depreciation benefits. Let your art work for you.
For those conducting business under their personal ABN, the government has issued an exciting new announcement that will make the art lover in you swoon.
You might be a lawyer, doctor, accountant, or financial planner; your profession doesn’t matter. Are you an engineer or architect? Or perhaps a plumber or electrician? Maybe you’re a storekeeper or a franchisee running your shop. This announcement applies equally to all of you.
If you purchase any artwork and hang it on your business premises, you could qualify for a complete depreciation of the cost.
Imagine the impact – not only will you beautify your workspace and improve the ambience for your clients or customers, but you could also reduce your taxable income by the cost of the artwork. This means more revenue in your pocket, making this a potentially intelligent business move.
Seize the opportunity – Baker Collection Tax Time
So, seize this chance, all you business owners with an ABN. Begin scouting for that perfect piece of art that reflects your business ethos and makes a stunning addition to your workspace. Remember, this isn’t just about owning an artwork; it’s an opportunity to make an investment that pays.
The critical point to remember is that art is not just an investment; it’s a tangible asset that brings joy, inspiration, and connection. The more pieces you acquire, the more your collection becomes more diverse and colourful.
“Remember, art is not just a pleasure for the eyes but can also be a smart investment. And with this incentive, your beloved pieces can deliver even more value.” Australian artist Nicki Baker-Comelli
- There is a caveat: the artworks must have been purchased between 12 May 2015 and 30 June 2024. So, if you’ve been thinking about investing in some stunning pieces for your business, ensure you’re within these dates to benefit from this incentive.
Remember: it’s not just about filling walls; it’s about taking your business to the next level with Baker Collection tax time.
“We have seen firsthand, over many years and countless workplaces, the transformative influence well-selected artwork can have on a workspace. From drab and uninspiring to vibrant and dynamic, the right art can truly change the atmosphere of your office.”
Remember, your employees spend most of their day in the office. Incorporating art into your business presentation and operation provides a more inviting and inspiring work environment. The value of art in your office is not just about beautifying the space, but about creating a work culture that fosters your employees’ creativity, inspiration, and well-being.
Baker Collection TAX TIME – Paintings can be commissioned
These two Australian artists can commission paintings upon request. Don’t hesitate to get in touch with Jessica Baker-Vince. You can also acquire art via online galleries such as Bluethumb and The Block Shop.
T: 0403 532 139
Check out these original artwork collections here:
