July, 2017

Do you know the tax deductions for which you might be eligible?

Claim work-related deductions Claiming all work-related deduction entitlements may save considerable tax. Typical work-related expenses include employment-related telephone, mobile phone, internet usage, computer repairs, union fees and professional subscriptions. Note that the Australian Taxation Office (ATO) will again check claims made in real time.   Claim home office expenses When part of your home has been set aside primarily or exclusively for the purpose of work, a home office deduction may be allowable. Typical home office costs include heating, cooling, lighting and even office equipment depreciation. To claim the deduction, you must have kept a diary of the hours you […]

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