The end of the financial year is fast approaching.
Here’s a tip from Cooee Art Gallery, recent winner of the Creative Industries* and Excellence in Small Business** Awards.
Buy works of art for your small business before the end of the financial year and claim their cost as an immediate tax deduction.
This is for real... It's not a joke.
You can buy works of art to enhance your office and claim a deduction of up to a value of $20,000 per artwork.
The $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to as many individual items as they wish. For example, a small business owner may choose to acquire 5 paintings of $20,000 each, for a potential deduction of $100,000.
Hanging works of art in your offices can promote an image of style and prestige. Aboriginal artworks, in particular, convey a positive cultural attitude and awareness. This can benefit your business and motivate your staff by engendering pride in their work environment, their company, and its core principles.
As with any art purchase, if chosen well, and if you have followed the right advice, it should prove to be a solid business investment.
The following paintings have been especially chosen by Coo-ee Art partners Adrian Newstead and Mirri Leven as ideal purchases to take advantage of this benefit. They meet the dual necessity of being beautiful and canny investments. These and dozens of others are ready to hang in your office, reception, boardroom or showroom.
Why not give us a call and have one of our experienced and knowledgeable staff advise you.
* Waverly Chamber of Commerce
** NSW Business Chamber.
Cooee Art's New Mailing Lists
You may have noticed a number of improvements to our website following its recent upgrade. If you have received this email newsletter you will have signed up to either the Cooee Art Gallery or AIAM100 mailing list over the years. Although these websites have now been consolidated we intend to keep the original mailing lists separate as they receive different targeted news and content as described below. You can see our News homepage here Cooee Art News
Cooee Art Gallery Mailing List
To stay informed about the latest Cooee Art exhibitions, gallery news, and information about art fairs, national and international events, art awards and prizes.
Cooee Art MarketPlace Mailing List
To receive our fortnightly Collectors Edition containing links and interesting articles that relate to the Indigenous art market, and to be amongst our patron and collector inner circle who are the first to view new highly collectible artworks as they become available for purchase.
Collecting Aboriginal Art Blog
A new fortnightly blog about buying, selling and collecting Aboriginal Australian and International art. Written by Adrian Newstead, this is the third and final volume in his mammoth writing project on the Art market. Over a period of more than 35 years, Adrian Newstead has run a commercial gallery, a major art auction house, consulted to architects and designers and advised Australian and international collectors. Now he reveals the insider secrets he has gleaned over a lifetime of successful collecting, buying and selling art.
If you would like to update your mailing list preferences and/or register for the new blog then click here