We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Operating expenses for the everyday running of businesses are generally deductible in the year you pay for them. Remember you need to keep records to substantiate your claims. credit card/charge card payment fee associated with paying a business tax liability, for example, GST liability.obtaining tax advice about your business.objecting to or appealing against your assessment.preparing and lodging tax returns and activity statements.having a bookkeeper prepare your business records.registered tax agent and accountant fees.If you incur expenses associated with setting up and using myGovID to access our online services in the course of running your business, such as phone and internet expenses, you may be able to claim tax deductions for the business portion of those expenses. mobile phone calls (prepaid or as part of a plan).losses due to misappropriation of money by an employee or agent, for example, fraud, theft or embezzlement.īusiness premises operating expenses include:. ![]() travel expenses for relocating employees.allowances and reimbursements paid to employees who use their own mobile device for work purposes.protective clothing required for employees to carry out work activities.fringe benefits, including the cost of any fringe benefit provided and the associated fringe benefits tax.gifts and donations to organisations that have a deductible gift recipient (DGR) status.Įxpenses associated with employing people including:.other items that protect you or your employees from a health or injury risk in your work environment.costs for sunglasses, sunhats and sunscreen when your business activities require outdoor work. ![]()
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