(He subsequently renamed it the “Income Tax Assessment Act 1997” after being informed by an audience member that it was the relevant law.)Ī business expense can be claimed as a deduction if it is both directly relevant to earning income and has a receipt or proof of purchase. The Australian YouTuber even named his weapon in-game “Taxation Administration Act 1953” after a federal tax law that he said made it possible to write off the expense. Noting the requirement to record how much of an expense’s use is for business, elmaxo said he’s only used the weapon for the challenge. “I ran it past my dad who is a financial adviser and I can’t recall the conversation super well but he was sorta 50/50 on it,” he said. “I actually recently created a business in Australia for my YouTube channel, so this little 400 dollar purchase? That’s a tax write-off baby,” he said.Įlmaxo told Crikey the idea started as a joke when he told friends about how he was claiming purchases like a new computer, monitor, keyboard and other items used to game, stream and create videos. CAMWorks is also fully integrated with SOLIDWORKS, which means that users can work within the familiar user interface of SOLIDWORKS as they program the CNC code for their parts, according to CAMWorks.By submitting this form you are agreeing to Crikey's Terms and Conditions.
Technologies such as feature-based programming, knowledge-based machining and TechDB allow users to automate their CAD/CAM functions.
In the 1990s, CIMTechnology established its business by writing and selling the Impact CAD/CAM System for wire EDM through Sodick, as well as developing Brother's PC-based conversational programming system for its drilling and tapping centers.ĬAMWorks products include a range of milling and lathe solutions, in addition to wire EDM. Its wire EDM technology was previously sold through OEM partners as stand-alone systems or as technology added to current programming systems. The partnership with CAMWorks and CIMTechnology will allow customers of both companies access to a culmination of technology and a wider range of CNC programming options, according to the companies.ĬIMTechnology has specialized in wire EDM for more than 30 years. This will provide CAMWorks users access to more advanced wire EDM programming functionality for precise and intricate part cutting, according to the companies. As part of the agreement, CIMTechnology’s Wire EDM programming software will be exclusive to CAMWorks. Noida, India-HCL Technologies (HCL), a leading global technology company, recently announced a CAMWorks partnership with CIMTechnology LLC, a leading provider of wire EDM software.
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