Tax deductions for accounting clerks

Accounting clerks monitor creditor and debtor accounts, undertake related routine documentation, and calculate and investigate the cost of wages, materials, overheads and other operating costs.

Employment Profile

Average weekly pay:          $1,071 
Employment size:               126,600  
Future growth:                    Decline     
Skill level                             Certificate II or III

Typical tax deductions include:

• Motor vehicle travel between work locations, visiting clients, or for training purpose.
• Overnight travel expenses between work locations, visiting clients, or for training purposes. 
• Phone & internet – work %.  
• Computers, tools and equipment.
• Handbags, briefcases, and satchels. 
• Professional seminars, courses, conferences and workshops. 
• Reference books, technical journals and trade magazines related to work as an accountant. 
• Self-education courses related to the current job. 
• Home office running expenses.  
• Professional memberships – e.g. CPA, IPA, CA, etc. 

Non-deductible expenses:

• Cost of business lunches (even if discussing business matters).

Tax Strategies we can assist you with.

Self education expenses
Computers, tools, equipment and other assets
Union fees, licences, registrations and subscriptions
Phone and internet
Motor vehicle expenses: cents per km method
Home office running expenses
Handbags, briefcases and satchels
Overnight travel expenses