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Name: ______________________________ Financial Year: _____________________
Work:
Cabs home from a work event
Transport to meetings
Work shoes
Work uniform (if it has e.g. embroidery on it)
Dry cleaning and/or laundry for the above
Car Mileage
Professional memberships/Licences/conferences
Subscriptions e.g. journals in your field
Tools e.g. machinery
Travel expenses – accommodation, food, events, transport, rental cars, baggage fees, travel insurance
Car expenses – mileage, toll fees, car repairs and maintenance, registration fees
Eating out with a client i.e. business meetings
Union and professional association fees
Job search expenses
Home office expenses e.g. internet if you work from home
Students:
Transport costs (fares or fuel) to and from university
Stationery
Textbooks
Course fees (E.g. if you live in Australia: student services amenity fees)
Trade, professional or academic journals
Internet usage costs (excluding connection fees)
Equipment such as laptops and iPads
Can’t Claim:
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© AllAboutTheHouse https://www.etsy.com/shop/AllAboutTheHouse http://www.allaboutthehouseprintables.com.au
Tax Deductions
Tax Budgeting Accountant Comparison Tax Budgeting
Name: ______________________________ Financial Year: _____________________
Home Office/Blog/Business:
Electricity (or a portion of your home’s total bills if you have a home office)
Water (or a portion of your home’s total bills if you have a home office)
Internet (or a portion of your home’s total bills if you have a home office)
Mobile Phone (or a portion of your home’s total bills if you have a home office)
Stationery – business cards, brochures desktop organizers, binders, notepads, notebooks, pens, tape,
calculators, printer paper, printer ink cartridges, file folders, staplers, paper clips etc.
Virtual assistant
Website design
Income Protection Insurance
Contents Insurance
Health Insurance
Online website expenses e.g. hosting fees, domain name registration and renewal, Mailchimp,
ConvertKit or other email subscription software
Blog themes e.g. for Wordpress
Advertising
Machines & equipment e.g. printer, laminator, camera
Mailing & packaging supplies and courier charges
Cost of goods sold
Computers, laptops, tablets, phones
Software e.g. Photoshop
Stock photos used for marketing or your product images (or props and the camera if you choose to
take your own stock photos, or if you sell stock photos)
Accountant’s fees to complete your tax return & book-keeping fees throughout the year if you
employ someone to keep your books up to date
Interest on loans – business debt, properties held by the business, car loan etc.
Depreciation on equipment e.g. computers and cars
Self-education – ebooks, ecourses, subscription to sites like Creative Live, seminars, conferences
(and associated travel expenses if applicable)
Bad debts – i.e. customer received a product but got a refund or didn’t pay for services you
performed and expected to be paid for
Bank fees e.g. credit card annual fees, late payment fees (although you should be paying off your
credit card before these are incurred!), everyday banking account keeping fees etc.
Payment processing fees – Paypal, Stripe, Etsy etc.
Professional advice e.g. lawyer
PO Box
© AllAboutTheHouse https://www.etsy.com/shop/AllAboutTheHouse http://www.allaboutthehouseprintables.com.au
Tax Deductions
Name: ______________________________ Financial Year: _____________________
Home office/Blog/Business:
Trademark application and registration fees
Australian business number (ABN)
Rent if you have a bricks and mortar store (or a portion of the rent on the home you live in, in
accordance with the area of your work space/home office)
Charitable donations
Equipment rental & repairs
Licenses e.g. nurses registration or real estate licence
Photo props e.g. for Instagram pictures featuring your products
Business lunches or dinners
Office Furniture (bookcases, desk, chair, filing cabinet etc.)
If you work outdoors – sun protection e.g. hats, sunscreen, sunglasses
Personal Protective equipment (PPE) e.g. if you work on a construction site
Mortgage interest on business property
Shipping/postage costs & packaging
Parking & toll fees
SEO services
Maintenance expenses e.g. if you have a brick and mortar store and pay for a cleaner, carpet cleaner, landscaping, security, building management fees/body corporate, pest control etc.
Luggage for business travel or a briefcase for everyday business use
Gifts (restriction apply)
Medical and dental
Superannuation (Australians) or IRA (US residents) contributions (restrictions apply)
If you’re a direct sales consultant - party expenses (food, gifts, samples etc.)
Logo design
Product samples and display elements
Fees to attend markets and be a stall holder
Supplies e.g. materials used for a DIY project you blogged about, ingredients for food recipe or a
cookbook you created
Business coach
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© AllAboutTheHouse https://www.etsy.com/shop/AllAboutTheHouse http://www.allaboutthehouseprintables.com.au
Tax Deductions
Tax Budgeting Accountant Comparison Tax Budgeting
Name: ______________________________ Financial Year: _____________________
Rental Property:
Property management fees & commissions
Repairs and maintenance
Interest portion of loan (bank charges & borrowing expenses)
Costs incurred to inspect the property e.g. airfares, accommodation and meals (must be apportioned
if travel was also for recreational purposes)
Property management fees & commissions
Repairs and maintenance
Bills such as water and power
Council Rates
Cost of having a tax depreciation schedule prepared
Body corporate costs & sinking fund fees
Home & contents insurance
Pest control
Gardening & lawn maintenance
Rubbish disposal
Foxtel/paid TV
Cleaning costs
Advertising for tenants
Bank charges
Land tax
Phone expenses
Legal expenses
Stationery and postage
Depreciation on the property
Quantity surveyor’s fee to prepare a tax depreciation schedule (or update one you already have)
Renovations or improvements to the property after purchasing
Mortgage discharge expenses
Pre-paid expenses (e.g. if you pay your insurance premium for the entire year up-front, rather than
month-to-month)
Book-keeping fees (e.g. if you have a few investment properties)
Security patrol fees (if required)
Servicing costs e.g. routine pool maintenance inspections
Tax-related expenses e.g. asking your accountant for advice on what you can and can’t claim
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© AllAboutTheHouse https://www.etsy.com/shop/AllAboutTheHouse http://www.allaboutthehouseprintables.com.au
Tax Deductions