It would be so handy if there was just one end-of-financial-year worldwide. It can range from 31 March in Canada, to 30 June in Australia  and New Zealand and I can’t quite work out if it’s 15 April in the US or not!

Usually places like Officeworks, Staples and WH Smith run endless ads for stocking up on tax-deductible items near the end of each financial year to help you maxmise your tax deductions.

But with a little lateral thinking, many of these places - and others - can create fantastic opportunities to stock up on items that are not only tax-deductible for your work, but could also make very good win-win gifts for family and friends. They get a great gift and hey presto! you get a tax deduction!

You know how your parents are always after a nice photo of you? If you run your own business you can claim photography expenses for a classic head shot you can use in your media kit etc. Frame it in a nice silver frame and voila! An instant tax-deductible gift for your parents and grandparents. (Your friends might not be so thrilled though…)

Work outside as a tradie? Buy a glam pair of super-dark sunglasses and thrill your Aries who always loves to look cool. 

Run a cafe? Your Taurean foodie will get the joy of a glossy new cookbook while you get a tax deduction.

Geminis lurrrve their gadgets and the taxman won’t know if you actually kept that new iPhone for yourself or not. If you don’t want to spring for that much, there are a bunch of consumer magazines appropriate to your work area (medical industry = Good Medicine, automotive = Wheels, funds management = Money, and so on) that you could consider.

Most Cancerians are like moths to a flame in hardware stores. If you work in the building trade, it’s all the excuse you need to give them a portable handyman kit.

If you’re in the beauty trade, present your favourite Leo with an industrial-strength hairdryer for their mane or a goodie bag full of the latest beauty products.

Know a Virgo? You can give them all types of home office doo-dads from Kikki K and keep ‘em and the tax man happy.

Work in the interior design industry? Interesting evening classes on interior design and lifestyle (Coco Republic ran a successful series recently and have created some for Melbourne for June) can make for a very thoughful gift for your Libran design maven.

It’s hard to go past Scorpios without thinking of their famous need for privacy (they can’t bear people going through their things). For a left-field gift they’ll appreciate - and you can deduct - give them a paper shredder!

Many people who work in the travel industry are lucky enough to receive familiarisation trips (”famils”). Why not take your favourite Sagittarius as your guest the next time you have to check out a new adventure overseas?

If you take your laptop on work trips, it’s likely you’ll need a fancy new one which makes it ideal for Capricorns. Or what about a good business-oriented self-help tome.

Run a restaurant? Your kooky Aquarius teenager might actually like those funky checked black and white chef’s trousers.

Work in entertainment? Make use of your tax deductions for movie tickets and buy a book of ‘em for your favourite Pisces film fanatic.

If you’ve never been big on buying gifts, this is one way it might actually become kinda fun.

Tags: Aquarius, Aries, Cancer, Capricorn, Gemini, Leo, Libra, Pisces, Sagittarius, Scorpio, Taurus, tax-deductible gifts, Virgo

This entry was posted on Monday, June 1st, 2009 at 11:02 pm and is filed under gift ideas, gifts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.