Tax deductions for Tradies & Staff
At Tax OnLine we are up to date with all the tax deductions that Tradies Staff can claim.If you work as a Tradie, some of the tax deductions you may be able to claim on your personal tax return are:
Tradies Meals and Travel
• The cost of buying meals when you work overtime, provided you have been paid an allowance by your employer (you can claim up to a maximum of $23.60 per meal without having to keep any receipts, provided you can show how you have calculated the amount you spent). Tax OnLine can show you how to maximsie your travel allowance claims to get the best out come.
• The cost of parking, tolls, taxis and public transport if you are required to travel to attend seminars, meetings and training courses not held at your normal station (if you need to stay away overnight you can also claim for the cost of all meals and your accommodation unless you have been reimbursed for these costs by your employer).At Tax OnLine we have been helping people increase their legitimate tax deductions
• The cost of using your own car for work,
including travel to attend meetings or attend training courses that are not held at your normal place of work (to claim for car costs it is usually best to keep a diary record of the number of kilometres you travel during the year for work purposes and then we can calculate the amount of your tax deduction at the end of the year)This area has come under scruitiny from the ATO over the last few years ,Tax OnLine can show you how to get it right.
• You may also be able to claim your travel from home to work if you have to carry bulky tools or equipment, for example Tradies carrying heavy building equipment, provided there is no secure storage supplied at your work place.Tax OnLine can help you in this area.
Work Car Expnses Construction tradespeople - what expenses can I claim?
This summary outlines some of the deductions you can and cannot claim as an employee tradesperson in the construction industry.
Car expenses - for vehicles under one tonne
You cannot claim deductions for your car expenses from home to work even if:
you travel outside normal business hours
you are on call
you did minor tasks on the way to work or home
you live a long distance from work, or
there is no public transport available.
Tradies can claim deductions for your car expenses for travel directly from one work site to the next.
Tradies can claim deductions for your car expenses from home to work if you carry bulky tools and equipment that you are required to use at work, as long as there is no secure area provided to leave them on site.
There are four methods of calculating deductions for car expenses:
cents per kilometre
12% of original value
one-third of actual expenses, and
logbook.
Travel expenses - for vehicles one tonne and over and other travel expenses
Tradies are eligible to claim deductions for car expenses and your vehicle has a load capacity of one tonne or more, you cannot use any of the four methods outlined above to calculate your deductions for car expenses. You can only claim your actual expenses.
If Tradies are making a claim for travel expenses where you are away from home for six or more nights in a row, you may need to keep a travel record that shows the dates, places, times, duration and nature of the work activities that you have undertaken.
Tradies Work Clothing
• The cost of buying items of your Tradies uniform (including physical training clothing that is unique and
distinctive to your industry)
The cost of buying compulsory uniforms (including shirts, pants, skirts, jackets, jumpers - your uniform should have the business or restaurant’s logo on it to ensure it is tax deductible)
The cost of buying occupation specific clothing (including Tradies pants, Tradies jackets, Tradies hats)
The cost of laundry or dry cleaning of your uniforms or occupation specific clothing
The cost of buying other protective equipment, including gloves, steel-capped boots,
• The cost of laundry, dry cleaning, alteration and repair of your uniforms
• The cost of buying sun protection items, including sunscreen, hats and sunglasses, if you are required to work outdoors
• The cost of buying safety glasses, but NOT prescription glasses or contact lenses. Tax OnLine has 30 years of experience claiming these sort of deductions.
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Catering & Hospitality Training
• The cost of work-related short training courses, provided the course directly relates to your CURRENT job (you can also claim for the cost of travelling to and from the course and any accommodation and meal expenses if you are required to stay away overnight)
The cost of work-related short training courses, for example first aid, OH&S, specialty cooking courses, management, staff supervision, RSA which are not run by a University or TAFE (you can also claim for the cost of travelling to and from the course and any accommodation and meal expenses if you are required to stay away overnight)
The cost of self-education courses run by a University (not including HECS/HELP) or TAFE, for example Cert IV in Tradiesor. If you are studying, you can also claim for the cost of books, stationery, equipment and travel required for your course• The cost of self-education courses run by a University (not including HECS/HELP fees) or TAFE. If you are studying, you can also claim for the cost of books, stationery, equipment and travel required for your course.This can be a tricky area to get right at Tax OnLine we can show you how.
Other Work Expenses
The cost of annual Guild Association membership fees
• The cost of work-related magazines or professional publications
• The cost of work-related books or journals
• The cost of work-related mobile or home telephone calls and rental (you should keep a diary record of the number of phone calls you make for work for one month and then we can use that to estimate your usage for the whole year)
• The cost of work-related internet connection fees (you can only claim the proportion of your monthly fees that relate to work use, which could include emailing and research relating to your job)
• The cost of maintaining a home office if you are required to compete work at home (you should keep a diary to record how many hours per week you spend working from your home office).Dont miss out on all your Chefs Tax Deductions , Tax OnLine are experts in this field.
More Work Expenses
• The cost of payments made to keep up to date (provided that the payments are authorised under the policies of your employing service, you can prove you paid the expense and you weren’t reimbursed for the cost. ) ask Tax OnLine
Give us a try at Tax OnLine to help you get a bigger refund.
General Expenses
There are some tax deductions that all employees can claim on their personal tax returns:
• The amount of any donations to registered charities (as long as you haven’t received anything in return for your donation, such as raffle tickets or novelty items)
• The cost of bank fees charged on any investment accounts
• The cost of income protection or sickness and accident insurance premiums (this type of insurance covers you if you hurt yourself (including when you are not at work) or become sick and you are unable to work. It will pay you your normal wage until you are fit to return to work - if you don’t have this insurance you should see a financial adviser or ask us and we will refer you to someone who can organise it for you. It is definitely worthwhile)
Other Financial Expenses
• Your tax agent fees (the amount you pay to your accountant to prepare your tax return each year)• The cost of travelling to see your tax agent (you can claim the cost of travelling to see your accountant to have your tax return prepared. You should keep a record of the number of kilometres you travel and any other incidental costs such as parking, meals, accommodation etc)
At Tax OnLine We suggest that you keep receipts for all purchases that are work related, even if they are not listed above. That way, when we prepare your tax return, we can decide whether you are allowed to claim a tax deduction for them or not.
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