Don’t miss out on deductions because you didn’t know you could claim it. Here are some last minute items that workers may not realise they can claim.
If you work outdoors, you can claim sunscreen that you purchase to protect you from the sun at work. Also other outdoor attire that is required for work such as hats, gloves and waterproof clothing if you need it to work in the wet can all be claimed.
Other specific types of make-up such as rehydrating moisturisers can be claimed by flight attendants. However general make-up cannot be claimed.
If the hand bag is used to carry items that you need for work such as iPads, phones, calculators or other stationary it can be claimed. It must be used for work purposes, it cannot be claimed if it is for personal use.
For men, a work brief case, satchel or back pack can be claimed if they are used to carry items required for work.
If you need art to decorate a workplace or business it is possible that you can claim it. You also may even be able to claim an instant deduction if you’re business’s turnover is less than $10 million and the artwork costs less than $20,000.
Recreational office items
These items can include TV’s, gaming consoles, pool tables and ping pong tables. They can be claimed if they are for staff to use during breaks and lunch hours.
TV’s can also be claimed if they are in reception areas. They can also be claimed if they are in meeting rooms where they might be combined with video conferencing systems.
If you need a dog to patrol your premises or if you use a dog in farming you may be able to claim a deduction for depreciation on the animal as well as an immediate deduction for maintenance costs such as food and vet bills.
If you can claim your work uniform, then normally you can claim the cost of cleaning by laundry or dry cleaner.
If you use your personal phone to make and receive work related calls, send and receive work related texts and emails or even surf the internet for work related purposes you may be able to claim the work related proportion of your mobile phone bill.
You should be careful about what you try and claim, but if you do the right thing you have nothing to worry about.
Article source: Ben Graham, news.com.au
For more tax tips please visit:
Home office expenses you can claim
$20,000 small business tax break explained
Tips to verify claims for online purchases
Please contact Integrity One if we can assist you with any of your financial needs.
Phone: (03) 9723 0522
Suite 2, 1 Railway Crescent
Croydon, Victoria 3136
This article is of a general nature and does not take into consideration anyone’s individual circumstances or objectives. Integrity One Planning Services Pty Ltd is a Corporate Authorised Representative No. 315000 of Integrity Financial Planners Pty Ltd ABN 71 069 537 855 (which is the holder of AFSL 225051). Integrity One Planning Services Pty Ltd and Integrity One Accounting and Business Advisory Services Pty Ltd are not liable for any financial loss resulting from decisions made based on this information. These articles are not owned by Integrity One Planning Services. We recommend that you seek personal advice from an advisor prior to implementing any of the information contained in this publication.