Some of the expenses that you may be able to claim as tax deductions are:
- Work related expenses (e.g., uniforms, occupational specific clothing, protective wear, telephone calls, stationery, seminar and conference expenses and travel expenses).
- Motor vehicle expenses if you used your car for work
(other than to and from work unless heavy tool carrying).
- Self-Education expenses
- Tools and equipment expenses
- Computer expenses (if used partly for work)
- Home office expenses
- Gifts or donations to registered charities
- Union fees
- Overtime meal expenses
- Tax agent’s fees paid in the financial year
- Personal superannuation contributions
- Rental property expenses
- Income Protection Insurance costs
Maximise your refund by bringing your expense receipts to me.
The Australian Tax Office has flagged work-related tax deductions as an area of focus for the 2016 year tax returns. In particular,
- Overnight Travel-transport, accommodation and meals
- Expenses for transporting bulky tools and equipment
- Work-related proportion for the use of computers, telephones and other electronic devices, internet claims
- Motor vehicle: work-related claims
Make sure you can substantiate your tax deduction claims, paying particular attention to the above expense categories.
Please contact me if you need assistance.
The ATO substantiation requirements for employees travel expenses do not apply to “travel expenses” incurred by an employee who receives a travel allowance for travel within Australia and the claims for costs of accommodation, food, drink and other incedentals do not exceed the reasonable amounts as determined by the ATO. A travel diary is required for travel of 6 or more nights in a row.
Please make sure your employer states the travel allowance amount paid to you, as a separate item called “travel allowance” on your payslips and year end summary.
This is an issue for many employees; so if you incur travel expenses in your employment, please talk to your employer now.