Tax deductions for chief executives and managing directors

Chief executives and managing directors determine, formulate and review the general policy programmes and the overall direction of organisations within the framework established by boards of directors.

Employment Profile

Average weekly pay:    $2,572
Employment size:          56,800  
Future growth:               Stable   
Skill level                        Bachelor degree or higher

Typical tax deductions include:

• Motor vehicle travel visiting clients, travelling between separate workplaces, and attending training courses.

• Phone and internet – work %.

• Overnight travel expenses visiting clients or attending different workplaces – includes airfares, accommodation and meals.

• Handbags, briefcases, and satchels.

• Professional seminars, courses, conferences and workshops.

• Reference books, technical journals and trade magazines.

• Self-education courses related to the current job.

• Home office running expenses.

• Professional memberships.

• Overseas conferences and courses.

Non-deductible expenses:

• Cost of business lunches, and attendance at sporting events, gala or social nights, concerts or other similar types of functions or events -this is the case even if business matters are discussed.

Tax Strategies we can assist you with.

Self education expenses
Overseas conferences, courses and study tours
Computers, tools, equipment and other assets
Logbook for motor vehicles
Union fees, licences, registrations and subscriptions
Phone and internet
Home office running expenses
Handbags, briefcases and satchels
Overnight travel expenses