Millions of us are likely to receive up to $1080 tax back in our 2019 tax returns.
The checklist below from AATH Accounting Services will assist you to ensure you won’t miss out on the most common deductible expenses you might be entitled to.
Education expense:
If you are studying and working at the same time, you might be able to claim the cost of your education. This includes course fees, computer, smart devices, textbooks and stationery, travel expenses etc. (The course has to be related or has sufficient connection to your work.)
Home office:
For some of us who need to work or do certain work-related activities at home such as checking emails, researching, watching education videos and so on, the home office expenses may be deductible.
Examples of home office expenses are electricity, gas, internet, home phones as well as cleaning costs, equipment & furniture if they are used for work purpose.
Subscription/ Membership:
Cost of memberships, journals, periodicals and magazines or even Netflix/Stan, with content sufficiently connected to your trade or profession, are deductible expenses.
Tax agent/accountant fees:
Not only these fees are deductible expenses, the travel costs to obtain the advices/lodging your tax return are also claimable. This can add up, especially if the distance to travel is significant.
Other potential tax deductions include work related travel, work tools and equipment, mobile phone, protective clothing, sunscreen, donations as well as personal superannuation contribution.
If you are in doubt or having queries over any of the above, get in touch with AATH Accounting Services now on 08 8123 7459 or admin@aath.com.au or http://www.facebook.com/aath.com.au/
We are here to take care of your tax affairs.
* The information contained in this site is general and is not intended to serve as advice. AATH Accounting Services recommends you obtain advice concerning specific matters before making decisions.
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