Deduction for marketing

 Author: _JimmyATO(Community Support)Community Support

25 Mar 2021

Hi @Ilam2,

Advertising costs would be considered an operating expense and you would claim a tax deduction for them in the year that you incurred them.

Logo design and branding could be a little different.

It may be considered a capital asset, and the cost would then need to be amortised over its useful life.

For instance, if it cost $1000 and you expect it to last 10 years you would claim a deduction of $100 per year.

Certain startup expenses are immediately deductible.

I hope this has been helpful.