Tax Deductions for Bookkeepers

August 2, 2021

Employment Profile

  • Average weekly pay: $1,150
  • Employment size: 113,085
  • Future growth: Decline
  • Skill level: Certificate II or III

Typical tax deductions include:

  • Motor vehicle travel between offices and attending training courses.
  • Home office occupancy costs if working from home due to the employer not providing an office work space – includes rent, mortgage interest, rates, insurance, etc.
  • Phone and internet – work %.
  • Overnight travel expenses visiting clients, attending different workplaces, or attending training.
  • Computers, tools and equipment.
  • 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 – e.g. CPA, IPA, CA, etc.
  • Compulsory work uniform branded with the employers logo.

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
  • Compulsory work uniform
  • 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

BOOK NOW

Click here to see Tax Calculator for Bookkeepers.