For the Swedish supergroup, it was not just about the songs.
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C’mon, just admit it: You happen to be an ABBA fan. I get it. So am I.
And how could you not be? The ’70’s Swedish tremendous group manufactured some of the most sing-equipped, happiest, snappiest songs ever, from “Dancing Queen” to “Fernando.” When ABBA is played at a bar or bash or just on the radio, everyone — regardless of age — seems to know the lyrics and sings alongside.
Besides their songs, one particular of the most definable things about ABBA was their clothes. Considerably has been prepared about their many outrageous outfits about the several years, and most supporters would agree that the band’s outfits choices were being never ever … properly … understated. For a long time, ABBA’s lovers thought it was just the group’s way of demonstrating their uniqueness, their individuality, their brand. But there is one more purpose for the nuts costumes, a reason that would in fact be extra interesting not to the teens who went to their exhibits, but to the accountants who did their taxes.
In accordance to an official biography released in 2014, the band’s outlandish outfits were worn basically to get a tax deduction. “In my truthful viewpoint, we appeared like nuts in these yrs,” Björn Ulvaeus, a single of the group’s users, reportedly claimed. “No one can have been as terribly dressed on stage as we were being.” The gown was so “undesirable” that no one particular would ever feel of wearing those clothes outside of perform. Which is accurately the level.
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The tax policies in Sweden in the seventies stipulated that function clothing worn by enterprise house owners (like the customers of ABBA) were deductible, so long as they weren’t worn for any reason outdoors of the job. If you’re a small-small business proprietor in the U.S. in 2020, guess what? The very same applies to you.
Which implies that you can deduct your operate clothing as well. Just so long as the outfits are an “ordinary and vital” expenditure of your company and that you are not applying individuals very same clothes for personalized applications.
So your small business suit — like a coat and tie — wouldn’t apply, but a uniform you put on especially for the objective of your business enterprise does as extended as it is not applied outdoors of the organization. If you purchase apparel, boots and other wearable accessories for your workforce that are needed for their work, then you can deduct these prices too. All of these deductions can possibly be taken on your company tax return or on your Schedule C to your person return if you’re not included.
So go in advance and truly feel free to deduct the expense of your work apparel, as long as you observe the above procedures. But please, no system footwear or sequins, thank you really a great deal.