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Journalists – Work-Related Deductions

Journalists Work-related expenses Did you have expenses relating to your work as an employee? Here is a list of expenses commonly incurred by employee journalists. You cannot claim costs met by your employer or costs that are reimbursed. Capital allowances You can claim a deduction, called a capital allowance, for the decline in value of equipment used for work. If the equipment is also used for private purposes, you cannot claim a deduction for that part of the decline in value. You cannot claim a deduction if the equipment is supplied by your employer or any other person. Generally, the [...]

Mining site employees – claiming work-related expenses

Mining site employees - claiming work-related expenses This summary outlines some of the deductions you can and cannot claim as a mining site employee. Car expenses for vehicles under one tonne You cannot claim deductions for your car expenses from home to work even if: you work outside normal business hours you are on call you did minor work-related tasks on the way to work or home you live a long distance from work, or there is no public transport available. Travel from the mine site security checkpoint to the parking area is part of your home to work travel. [...]

Deductions for mechanical, automotive and electrical tradespersons – claiming work-related expenses

Deductions for mechanical, automotive and electrical tradespersons - claiming work-related expenses This summary outlines some of the deductions you can and cannot claim as a mechanical, automotive or electrical tradesperson. Car expenses Home to work travel is only deductible in limited circumstances. Examples include where you: had to carry bulky equipment (heavy tools or machinery) that you used for work and could not leave at work were engaged in itinerant work. Work-related expenses incurred in driving between work sites, making deliveries, undertaking client visits or site inspections, and driving errands while on duty (but not minor errands between home and [...]

Information technology professionals – deductions you may be able to claim

Information technology professionals - deductions you may be able to claim This summary outlines some of the deductions you can and cannot claim as an information technology professional. Car expenses Your home to work travel is not deductible, even if: you do minor work-related tasks while travelling to and from work, such as collecting mail you travel between home and work more than once a day you work outside normal business hours, for example, shift work or overtime you are required to be on call your home is a place of business and you travel directly to a place of [...]

Guards and security employees – claiming work-related expenses

Guards and security employees - claiming work-related expenses This summary outlines some of the deductions you can and cannot claim as a security guard or an employee in the security industry. Car expenses You cannot claim deductions for your car expenses from home to work even if: you work outside normal business hours, for example, shift work or overtime you are on call you did minor work-related tasks on the way to work or home you travel between home and work more than once a day, or there is no public transport available. You can claim deductions for your car [...]

Fitness and sporting industry employees – claiming work-related expenses

Fitness and sporting industry employees - claiming work-related expenses This summary outlines some of the deductions you can and cannot claim as an employee in the fitness and sporting industry. Car expenses You cannot claim deductions for your car expenses from home to work even if: you work outside normal business hours, for example, shift work or overtime you are on call you did minor work-related tasks on the way to work or home you travel between home and work more than once a day, or there is no public transport available. You can claim deductions for your car expenses [...]

Engineer – claiming work-related expenses

Engineer – claiming work-related expenses Overview If you are an employee engineer, this information outlines some of the deductions you may be able to claim. Work-related daily travel expenses you can claim Generally, the cost of normal trips between your home and work is a private expense you cannot claim an income tax deduction for. However, as an employee engineer, there are certain situations where you may be able to claim deductions for travel between your home and workplace. Transporting bulky tools and equipment You can claim the cost of using your car to travel between your home and work [...]

Earthmoving plant operators – claiming work-related expenses

Earthmoving plant operators – claiming work-related expenses Overview This guide will help you work out what work-related expenses you can claim a tax deduction for, and the conditions you must meet before you can claim, if you operate a plant to: excavate earth, ore and rock break up pavement, road rock and obstructions move and load earth, rock and debris level, smooth and compact surfaces. The guide looks at: motor vehicle expenses, including car lease payments travel expenses and associated allowances uniform, occupation-specific or protective clothing, including laundry and dry-cleaning expenses other expenses, such as meals, phone, mobile and computer [...]

Building and construction employees – claiming work-related expenses

Building and construction employees - claiming work-related expenses Work-related travel expenses you can claim Travel expenses that you claim must directly relate to your work as an employee. These expenses may include: work-related car expenses expenses for motorcycles and vehicles with a carrying capacity of one tonne or more, or nine or more passengers actual expenses – such as any petrol, oil and repair costs if you travel in a car that is owned or leased by someone else public transport – including taxi fares bridge and road tolls parking fees short-term car hire. Generally, the cost of normal trips [...]

Australian Defence Force members – claiming work-related expenses

Australian Defence Force members - claiming work-related expenses Allowances The following allowances are commonly received by Defence Force members to recognise expenses that you may incur in doing your job. Income tax applies to these allowances and, depending on your individual circumstances, you may be able to claim a deduction for expenses, for: flying allowance language proficiency allowance special action forces allowance uniform maintenance allowance vehicle allowance. The following allowances are commonly received by Defence Force members for work that may be considered special or dangerous, in recognition of holding special skills, or to compensate for working conditions. [...]

Paper activity statements

Paper activity statements to stop for myGov users and electronic lodgers Saving paper for myGov users If you're an individual or sole trader and you have a myGov account linked to the ATO, the way you receive your activity statements or instalment notices has changed. If you previously received paper, all of your activity statements or instalment notices will now be delivered electronically. The ATO will no longer send you a paper activity statement or instalment notice. When your activity statement or instalment notice is ready, we'll send a message to your myGov Inbox. To lodge or pay, simply click [...]

ATO Ruling: Car expense substantiation methods

Simplify the car expense substantiation methods In the 2015-16 Federal Budget, the government announced that it will simplify the car expense deductions for individuals. Under current arrangements, there are four methods for claiming car expenses: Cents per kilometre - capped at 5,000kms Logbook - unlimited kms 12% of original value One-third of actual expenses To simplify the rules, from 1 July 2015 the government will abolish the one-third of actual expenses method and 12% of original value method. The cents per kilometre method (with the existing 5,000km cap) and the logbook method (with unlimited kms) will remain. The [...]

Website Development Deductions

Website development deductions Capital expenditure You may be able to claim website development costs incurred before your business starts. This can be claimed over five years (20% of the cost per year) once they begin. Simplified depreciation rules If you have started a small business and have chosen to use the simplified depreciation rules, you may immediately deduct website development costs incurred. If you incurred the expense between 12 May 2015 and 30 June 2017 and the cost is: • less than $20,000 – you can claim a deduction for the full cost in the income year you incurred the expenditure [...]

SuperStream

SuperStream SuperStream is improving the efficiency of Australia’s super system and provides a new standard for employers when making super contributions. It requires an employer to send contributions electronically in a standard format with linked data and payments. Key dates Employers with 19 or fewer employees You need to be using SuperStream no later than 30 June 2016. Employers with 20 or more employees You need to be using SuperStream no later than 31 October 2015. According to ATO, SuperStream helps business to save up to 70% resouces spending on super, which include time and admin. For more information please [...]

Home office expenses Running cost and Occupancy expenses

Individual Tax Return Basics: Home office expenses Running cost and Occupancy expenses You may be entitled to claim deductions for home office expenses: Running costs may be deductible. Occupancy expenses are generally not deductible for an employee. You must keep records. Running costs If you perform some of your work from a home office, you may be entitled to a deduction for the costs you incur in running it, including: for home office equipment, such as computers, printers and telephones, the cost (for items costing up to $300) or decline in value (for items costing $300 or more). [...]