Best Tax Deductions to Claim For Accountants

Accountants provide services relating to the preparation of financial statements, taxation, auditing, insolvency, budgeting, financial planning, and business advisory.

Employment Profile

  • Average weekly pay: $1,610
  • Employment size: 198,555
  • Future growth: Strong
  • Skill level: Bachelor degree or higher

Typical tax deductions include:

  • Motor vehicle travel between work locations, visiting clients, or for training purposes.
  • Overnight travel expenses between work locations, visiting clients or for training purposes.
  • Phone and internet – work %.
  • Computers, equipment and other assets.
  • 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, and attendance at sporting events, gala or social nights, concerts or other events. This is the case even if compulsory or business matters are discussed.

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


Click here to see Tax Calculator for Accountants.



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