Best Tax Deductions to Claim for Mining Engineers
Mining Engineers plan and direct the engineering aspects of locating and extracting minerals, petroleum and natural gas from the earth.
Employment Profile
- Average weekly pay: $2,343.55
- Employment size: 11,550
- Future growth: 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.
- Motor vehicle travel between various building sites, places of work, and for training purposes.
- Overnight travel expenses attending different workplaces or for training purposes – includes airfares, meals and accommodation.
- Phone and internet – work %.
- Sun protection costs including sunglasses, sunscreen and cosmetics.
- Protective clothing, including sun-protection, safety-coloured vests, steel-capped boots, gloves, overalls and wet weather gear.
- Union fees, licences, registrations and subscriptions.
- Courses, seminars and self-education expenses.
- Computers, tools and equipment.
- Home office running expenses.
- Compulsory work uniform branded with the employers logo.
Tax Strategies we can assist you with.
- Self-education expenses
- Sunglasses, sunscreens and cosmetics
- Computers, tools, equipment and other assets
- Protective clothing
- 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 Mining Engineers.
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.
