Maximising Your Tax Return: 5 Deductions You Need To Know About

  • The organisation has Deductible Gift Recipient status
  • The gift or donation provides no material benefit to yourself (i.e. you do not receive anything in return)
  • The gift is over $2
  • You have a written receipt for the donation
  • The donation must come in the form of either money or a financial asset
  • Depreciation on your vehicle
  • Registration costs
  • Insurance costs
  • The running and maintenance of your vehicle (such as fuel and servicing)
  • Travel from one workplace to the next
  • Travel to other work-related sites (such as clients’ premises)
  • The item is essential for work purposes (such as a tradesperson’s tools)
  • The item is required for health and safety reasons (such as sunscreen if working outside, or safety goggles)
  • The item is for training or education purposes (such as a course)
  • Furniture and appliances (such as computers, desks, chairs and mobile phones)
  • Phone calls from either a landline or mobile phone
  • A portion of your monthly internet bill, as well as utilities (e.g. gas and electricity)
  • It is work-specific and compulsory to wear (such as high-vis)
  • It has a logo or is registered with AusIndustry
  • It is only worn for work-purposes, during work times
  • It is required for health and safety reasons (such as a hard hat)
  • It is specific to an occupation (such as a nurse’s uniform)

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As a freelance copywriter I love the flexibility of working anywhere across the globe and all the opportunities that come with it.

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Aiden Dallas

Aiden Dallas

2 Followers

As a freelance copywriter I love the flexibility of working anywhere across the globe and all the opportunities that come with it.