Can I buy a smartwatch as a business expense?
Good news: a smartwatch, just like your trusty smartphone, counts as a tech expense for work. It’s a pretty simple way to boost your deductions, no matter what your job is. Although a smartwatch is not classed as a mobile phone, the same rules apply as above. If you believe that the smartwatch is a genuine business expense needed for you to do your job, it’d be best to purchase it via the company account and in the company name.While not a complete replacement, a smart watch can certainly help with your everyday online ventures, saving you from being stuck on your phone and giving you more precious time to live your life out and about.Yes, if it’s necessary for your work. For example, entrepreneurs handling calls and messages or fitness professionals using health tracking features can justify the expense. Customise your watch with our Apple Watch Series 10 straps or Ultra 2 straps.Can a Watch Be Tax Deductible? Traditional watches are considered luxury items and are not typically deductible. However, a smartwatch like the Apple Watch can be deductible if it functionally supports your business activities, such as managing schedules or tracking health for work-related purposes.
Are smartwatches tax free?
A: No, purchase of smart watch is not eligible for claiming lifestyle relief. Lifestyle relief for gadgets is only applicable to computers, tablets, and smart phones. Wishing you plentiful tax savings! You can’t claim a deduction for the cost of buying or maintaining watches or timepieces, even if you require one as part of your job. This is a private expense.