Meadowbroook, 14th July 2008. Many businesses who have bought promotional clothing or uniforms this year will shortly realise that they can't claim a tax deduction for the purchase.
"Unless all items of uniforms supplied to staff carry the corporate emblem or logo, the item is not tax deductable" said Rashpal Cheema from Promotional Clothing Solutions. "Many companies get their shirts embroidered or printed with their logos, but forget about their pants, skirts and shorts. Unless they all carry the company logo, all of the expense of purchasing the promotional clothing is non-deductable".
Tax deductibility of uniforms is not the only mistake businesses make when buying promotional clothing, uniforms or work wear. Complying with safety regulations when buying uniforms or promotional clothing is also a problem area for many businesses.
"One of the other common mistakes businesses make is when they buy high visibility shirts or tops they don't realise that if the person works outside, the shirt or top must come below the elbow to comply with safety standards" said Rashpal.
"Sometimes companies buy short sleeved high visibility uniforms because the old fabrics used to be very heavy and uncomfortable. There is a new range of high visibility uniforms just on the market that are designed to comply with safety standards, that are 100% light weight cotton so they breathe and are easy to wear. There is no excuse not to comply with safety regulations with high visibility uniforms."
"Just remember, even high visibility clothing must have the logo or company emblem embroidered or printed onto the item for the company to gain a tax deduction for the purchase" said Rashpal.
If you would like more information or photos about this topic or to schedule Rashpal Cheema for an interview, please contact Rashpal on 07 3801 9444
"Unless all items of uniforms supplied to staff carry the corporate emblem or logo, the item is not tax deductable" said Rashpal Cheema from Promotional Clothing Solutions. "Many companies get their shirts embroidered or printed with their logos, but forget about their pants, skirts and shorts. Unless they all carry the company logo, all of the expense of purchasing the promotional clothing is non-deductable".
Tax deductibility of uniforms is not the only mistake businesses make when buying promotional clothing, uniforms or work wear. Complying with safety regulations when buying uniforms or promotional clothing is also a problem area for many businesses.
"One of the other common mistakes businesses make is when they buy high visibility shirts or tops they don't realise that if the person works outside, the shirt or top must come below the elbow to comply with safety standards" said Rashpal.
"Sometimes companies buy short sleeved high visibility uniforms because the old fabrics used to be very heavy and uncomfortable. There is a new range of high visibility uniforms just on the market that are designed to comply with safety standards, that are 100% light weight cotton so they breathe and are easy to wear. There is no excuse not to comply with safety regulations with high visibility uniforms."
"Just remember, even high visibility clothing must have the logo or company emblem embroidered or printed onto the item for the company to gain a tax deduction for the purchase" said Rashpal.
If you would like more information or photos about this topic or to schedule Rashpal Cheema for an interview, please contact Rashpal on 07 3801 9444
