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Sponsoring a Motorsport team.

Tree Man Tom

By Tree Man Tom,
in Business Management

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Tree Man Tom Grand Master

Tree Man Tom

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Abit of a random one for you, I know I should ask my accountant this but as its late into the Evening you lot will have to do. I am looking at increasing my sponsorship next year to a motorsport team I already sponsor on a smaller scale at the moment, in return I get advertisement on the team truck etc... Can I put this against tax, as its a form of advertising, sort of...?

 

Cheers

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Jesse Mentor

Jesse

Posted
Posted
Abit of a random one for you, I know I should ask my accountant this but as its late into the Evening you lot will have to do. I am looking at increasing my sponsorship next year to a motorsport team I already sponsor on a smaller scale at the moment, in return I get advertisement on the team truck etc... Can I put this against tax, as its a form of advertising, sort of...?

 

Cheers

 

If your accountant is good then yes, its promotion of your company, why not. In the eyes of the greedy tax man, the more money you make the more taxes for him, speculate to accumulate.

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