In Australian tax return, a tax deduction refers to an expense that can be subtracted from your assessable income, thereby reducing your taxable income. By claiming deductions, you can potentially lower the amount of tax you owe.

Type of Tax Deduction

Deductions for costs incurred in running your business are allowable, provided the expenses are not of a private, domestic, or capital nature. You may be able to claim deductions for your business expenses.

– Accounting Fee

– Advertising Fee

– Bank Fee

– Other Fee

– Rent

– Sub-Contractors

– Salary & Wages

– Superannuation

– Work Cover

– Insurance

– Public Liability Cover

– Business Trip

– Staff Training Exp

– Freight & Cartage

– Leasing & Hiring

– Fuel

– Parking

– Registration

– Repairs & Maintenance

– Internet Expenses

– Printing & Stationery

– Postage

– Repairs

– Rubbish Removal

– Telephone

– Office Equipment

– Tool Replacements

– Uniform/Prot. cloth

– Electricity Expense

– Material Purchase

– Closing Stock

– Other Purchase

– Car Purchase