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Write off the cost of building your new company website

Nov 02, 2020

Michael Jackson, Business Services Manager

Astute business owners are always looking for ways to reduce their tax bill by purchasing and writing off assets at the most financially favourable times.

Common items that businesses write off include machinery and equipment, motor vehicles, computers and computer accessories, phones, tablets, and furniture.

Find out what it’s like to work with Icon

But did you also know that costs associated with less tangible – yet no less essential – business tools, such as the cost of building a new company website, can now also be written off as an asset?

Building a company website is now tax deductible

As outlined by the Australian Taxation Office, business owners can write off the costs associated with building and running their company. And following the recently announced Federal Budget, that now includes the cost of building a new company website for your business.

“Our experienced web developers work with our creative, content, and digital marketing teams to strategically design, plan, build, and launch new websites.”

“If you create or maintain a website for your business, you may be able to claim the associated expenses as a deduction,” explains the ATO on its website. “You can depreciate the expenses of a website over time. You can also claim a deduction for some ongoing expenses associated with running and maintaining your website in the year they occur.”

Web development services at Icon

Icon’s web development team works with businesses of various sizes and in various industries to help them create new company websites that will not only look great, but that will also perform great for their business.

We have experience in creating websites that deliver results for Australian SME businesses. For some clients, that means a completely custom-built website. For others, it’s a simple yet intuitive templated website design that can be launched quickly and cost-effectively; and for some clients it’s purely an e-commerce portal.

Our approach to web development is to first listen, learn, and understand how our clients want to use their website. We then draw on our knowledge of customer journeys, user experience, data science, and customer experience to create the website that will precisely serve the needs of the business.

Icon’s Head of Technology, Michael Jackson, says that it’s not just about making your new company website look great. It also needs to:

· be truly engaging;

· provide fantastic UX (user experience);

· be easily findable organically by search engines; and

· drive new business inquiries.

“At Icon, our in-house team of experienced web developers work with our creative, content, and digital marketing teams to strategically design, plan, build, and launch new websites for our clients,” Jackson says. “All website design and development happens at our Sydney head office.”

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