Hi @ztshapiro
You can purchase a new phone and deduct it as long as it is used for business use. The advantage is a deduction each year against the income from your business.
If you make payments on the phone over time, you can deduct those payments in the year paid against income which can spread out your deduction.
Also your monthly bill can be used as a deduction as well as long as you use it for business. If you use it 40% business and 60% personal, then 40% of it is deductible.
If you have further questions please reply below.
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