For businesses you can write off capital expenditure immediately rather than depreciating over a number of years. Clothing if legitimate is considered an expense not capital so always was claimed immediately.However if you bought computers, or even a lounge chair for the office etc yes you can offset against income in that financial year rather than a little bit each year.
MYR Price at posting:
$1.32 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)