- The cost of any materials or supplies that you buy for use at work (for example safety gear, first aid equipment, backpack or belt bag)
- The cost of stationery, diary, log book, work bag or briefcase
Other Work Expenses
- The cost of annual memberships or union fees (for example CFMEU fees)
- The cost of renewing machinery operating licences and tickets that are required for your work, but not including your normal drivers licence
- The cost of work-related books, magazines and journals
- The cost of work-related mobile or home telephone calls and rental (you should keep a diary record of the number of phone calls you make for work for one month and then we can use that to estimate your usage for the whole year)
- The cost of work-related internet connection fees (you can only claim the proportion of your monthly fees that relate to work use, which could include emailing, research relating to your job and research for your training courses but not getting a new job) Insurance & Public Liability
- There are some tax deductions that all employees can claim on their personal tax returns:
- The amount of any donations to registered charities (as long as you haven’t received anything in return for your donation, such as raffle tickets or novelty items)
- The cost of bank fees charged on any investment accounts
- The cost of income protection or sickness and accident insurance premiums (this type of insurance covers you if you hurt yourself (including when you are not at work) or become sick and you are unable to work.
- Your tax agent fees (the amount you pay to your accountant to prepare your tax return & BAS each year)
- The cost of travelling to see your tax agent (you can claim the cost of travelling to see your accountant to have your tax return prepared. You should keep a record of the number of kilometres you travel and any other incidental costs such as parking, meals, accommodation etc) This is not a definitive list so we suggest that you keep receipts for all purchases that are work related, credit card statements and bank statements can also be helpful.
Phone 02 60216762
Use Facebook for appointments or book on-line at our website www.taxbalance.com.au