Being aware of the work related tax deductions you can claim can help reduce your taxable income and therefore reduce your tax payable position for the year.
Below are a few work deduction tips that may be relevant to your individual circumstances. This is not an exhaustive list.
Work related expenses : protective equipment is generally deductible if they are related to your job/business (including harnesses, goggles, safety classes, breathings masks, helmets, boots). Sun protection costs (such as sunscreen and glasses) are also deductible if your job/business requires you to work in the sun.
Please note that how much of the expense that is allowed as a tax deduction will depend on the extent the expenses are incurred in earning your assessable income (wage, business income etc).
We suggest that if you are unsure if you can claim something, keep written evidence of the claim (such as an invoice) and seek advice from your accountant when you do complete your end of year tax return.
Please call our office on (07) 4980 7700 if you would like specific taxation advice for your situation.
50 Borilla Street
Emerald, Queensland
Phone: 07 4980 7700