Best Tax Deductions to Claim for Managers
Managers plan, organise, direct, control and review the day-to-day operations and major functions of commercial, industrial, government and defence organisations.
Employment Profile
- Average weekly pay: $2,587.50
- Employment size: 50,400
- 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.
- Briefcases, handbags, 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 occupancy costs if required by the employer to work from home – includes rent, mortgage interest, rates, insurance, etc.
- Home office running expenses.
- Union fees. licences, registrations and subscriptions.
- Compulsory work uniform branded with the employers logo.
- Overseas conferences, courses and study tours.
Professional memberships.
Non-deductible expenses:
- Cost of business lunches or social events.
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 Managers.
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.
