Tax Tips for Managers & CEO’s

Boost your Tax Refund with these tax deductions!

Uniforms & Laundry
You can claim the cost of purchasing, washing and mending Uniforms that have your employer’s logo permanently attached.

Motor Vehicle Expenses
You can claim work-related travel e.g. travelling from store to store, attending meetings that are outside the workplace, travelling to conferences or seminars.

You can also claim car expenses for travelling from one job directly to a second job.

Home to work travel is not tax deductible.

Keep a diary tracking your kilometres. If you think you will go over 5,000kms keep a 12-week consecutive logbook and all receipts for any car expenses e.g. Rego & Insurance, Repairs, Fuel etc.

Tools & Equipment
These may include:

Laptops
Tablets
Headphones or Webcams for virtual meetings

If the expense is under $300, you can claim it outright.
If the expense is over $300, you’ll need to spread the expense over a few years.

Don’t worry – we do all the maths for this; all you need is the date you bought the item and how much it was.

Home Office

If you work from home, and you work from a designated office. Keep a one-month logbook to claim home office running expenses which include:
Electricity
Gas
Heating
Lighting

You can also claim:

Computers & Laptops (using the same rule as tools and equipment)
Mobile Phone use (Keep a one-month logbook)
Internet Use (Keep a one-month logbook)
Printers & Printer Ink
Stationery, Diaries etc.

Other Work-Related Expenses
You may also be able to claim the following expenses:

Books or Publications that directly relate to improving your current role
Union Fees
Stationery
Accommodation & Overnight travel expenses if you’re required to travel overnight
Mobile Phone and/or Internet (Keep a one-month logbook tracking your work calls and work use)
Course/Training expenses + Travel

Need logbooks? All of our logbooks come with instructions and the calculations required to work out your work use percentage! You can find these inside your tax return.

Our Tax Blogs -

Tax Returns - Claiming Home Office

The Importance of Lodging Your Tax Return on Time

Putting After Tax Money into your Super

Our Tax Videos -

Get Smart with GoTax - Salary Sacrificing your Superannuation