We’re fast approaching the End of Financial Year, which might cause you to wonder, are headshots tax deductible? The good news is that yes, headshots for promoting your staff or business are tax deductible.
Headshots are good for business
Today standing out and looking professional in business requires a good headshot. With companies recruiting through LinkedIn, and individuals connecting via Teams and Zoom, having your face online is more important than ever.
‘Putting yourself out there’ not only builds trust, it also helps people remember you.
Can individuals claim a tax deduction for a headshot?
If you are an employee rather than a business owner, never fear. You can claim a tax deduction for headshot photography provided you can justify that it is necessary for earning your income*.
To quote an Australian Tax Office employee directly, “if you determine that earning your income is reliant on having a photographic profile available, and you can justify this if we request information to support the claim, then you should be able to claim a deduction if you keep the relevant records for the expenditure”. [Source: https://community.ato.gov.au/s/question/a0J9s0000001GB4/p00038488]
So, if you have been thinking about booking a headshot photographer, now is the perfect time to act. Not only could you save money with a tax deduction, but we are also offering a 10% discount on all individual studio headshot photography packages booked and paid for by 30 June 2022.
Book online now and use the code EOFY22 to receive your discount.
*As people’s circumstances differ, we recommend you seek professional advice from a tax agent or accountant prior to claiming headshot photography as a tax deduction.