Are you an engineer?
You may have many work related deductions to claim on this year taxation which you may not remember at this time. We have prepared handy checklist to update you of your work related expenses. All items may not apply but this checklist can assist you not to miss your deductible expenses.
Always remember to keep the receipts for at least 5 years.
Keep your income ready. Income can be your income from job, bank interest, other income received in the financial year, rental income, etc
Deductible Expenses can be:
Remember: You MUST have spent money directly related to your job and the spent amount had not been reimbursed by your employer.
Personal car expenses if used for work purpose (Estimation of kilometres if no logbook is kept, otherwise logbook and all expense items.) E.g Travelling between jobs, need to drive from office to site/field work etc.
• Travel expenses (flights, taxis, train and bus fares for training courses, trade fairs etc.) used for work purpose.
• Accommodation costs while working away from home.
• Phone costs (for work usage)
• Work percentage of computer/laptop expenses (Lease or purchase)
• Work percentage of internet costs
• Home office running expenses if you work from home or you need to use home office for your Work purpose.
• Work related self-education expenses
• Travel between separate jobs within the same day
• Travel for other workplaces with the same employer, within the same day
• Overtime Meal
• Office home expenses: required office equipment, internet costs and electricity costs such as heating, cooling and lighting
• Protective clothing if needed to work at plant/site/field - light manual jobs in engineering
• Travel expenses related to work: parking fees and transport fares
• Union fees
• Professional association fees
• Internets and phone expenses for work use
• Additional cost to renewal special license and permits required or related to the job
Remember: If you have been reimbursed any of your expense then don't claim it !
If you are not sure whether your expenses qualify as tax deductions, then contact us at 08 7078 8882 or help@yogigroup.com.au
An accountant for Yogi Group Accountants and Business Advisors will get back to you.
Contact us for your taxation and accounting need
08 7078 8882
help@yogigroup.com.au
398 Payneham Road Glynde SA 5070