Best Tax Deductions to Claim for Dentists and Dental Assistants
Dental practitioners diagnose and treat dental disease, and restore normal oral function using surgery and other specialist techniques.
Employment Profile
- Average weekly pay: $2,242.50
- Employment size: 51,345
- Future growth: Very strong
- Skill level: Bachelor degree or higher
Typical tax deductions include:
- Motor vehicle travel to and from work if employed by agencies with shifting places of work – working at more than one site each day before returning home.
- Motor vehicle travel between hospitals and dental clinics.
- Phone and internet – work %.
- Overnight travel expenses attending dental conferences, seminars, and training courses – includes airfares, accommodation, meals, and incidentals.
- Compulsory work uniform branded with the employers logo.
- Overtime meals – if paid a meal allowance under an Industrial Award.
- Self-education expenses – must be related to the current job.
- Magazines, books and journals related to dentistry.
- Agency commissions and agency fees.
- Union fees, annual practising certificate fees, licences, and subscriptions.
- Computers, tools and equipment.
- Home office running expenses.
Professional memberships.
Non-deductible expenses:
- Upfront fees, joining fees or search fees paid to an agency.
- Vaccinations.
Tax Strategies we can assist you with.
- Overtime meal expenses
- Self-education expenses
- Overseas conferences, courses and study tours
- 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
- Overnight travel expenses
Click here to see Tax Calculator for Dentists and Dental Assistants.
Stephen is the CEO of Accountants Direct and is a Professional Director, ASIC Agent, Startup Advisor & Investor & Capital Raising Specialist.
Contact Stephen or his team if you have any questions about this post or any business matter in general.
