Best Tax Deductions to Claim for Interior Designers
Interior Designers plan, design, detail and supervise construction of building interiors to produce an environment tailored to a purpose, with particular emphasis on space creation, space planning, and factors that enhance living and working environments.
Employment Profile
- Average weekly pay: $1,171.85
- Employment size: 15,960
- Future growth: Very Strong
- Skill level: Bachelor Degree or Higher
Typical tax deductions include:
- Motor vehicle travel to and from work if having either shifting workplaces (working at more than one site each day before returning home), or transporting bulky equipment when visiting clients.
- Motor vehicle travel between offices, visiting clients or for training purposes.
- Phone and internet – work %.
- Home office occupancy expenses if required by the employer to work from home – includes rent, mortgage interest, rates, insurance, etc.
- Computers, tools and equipment – includes cameras, video recorders, and laptops.
- Referral commission and expenses.
- Handbags, briefcases and satchels.
- Overnight travel expenses visiting clients or for training/conferences – includes airfares, meals and accommodation.
- Home office running expenses.
- Compulsory work uniform branded with the employers logo.
- Union fees, licences, registrations and subscriptions.
- Work-related training courses – includes first aid, OH&S, bookkeeping, sales technques, customer service, merchandising, computer skills or management.
- Self-education expenses – includes course fees, books, stationery, equipment and travel.
- Overseas conferences, courses and study tours.
Professional memberships.
Non-deductible expenses:
- Entertainment expenses such as buying lunch for a client or business associate.
- Expenses incurred in attending social functions e.g. monthly networking breakfasts.
Tax Strategies we can assist you with.
- Self-education expenses
- Overseas conferences, courses and study tours
- Computers, tools, equipment and other assets
- Compulsory work uniform
- Logbook for motor vehicles
- Union fees, licences, registrations and subscriptions
- Phone and internet
- Home office running expenses
- Handbags, briefcases and satchels
- Overnight travel expenses
Click here to see Tax Calculator for Interior Designers.