So I've been looking at ATO ID 2005/284 and want to see if my sponsorships can be used as tax deductions for my small business.
I run a small business that prints 3D printed miniatures for wargaming and tabletop games. In the past, I have sponsored miniature and tournament events with a selection of models from my store. Part of the agreement with the sponsored event is that they include my logo and a link to my website as part of their own promotions on social media. These communities are small and the return on sponsorship is relatively low.
So, if I sponsor an event and provide them with $100 worth of miniatures can I claim that as part of my deduction? I don't receive any money in return for this sponsorship. Happy to provide more information as necessary.
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