Best Tax Deductions to Claim for Motor Vehicle Salespersons
Motor Vehicle Salespersons sell motor vehicles, boats, caravans, and earthmoving equipment.
Employment Profile
- Average weekly pay: $1,125.85
- Employment size: 38,850
- Future growth: Strong
- Skill level: Certificate II or III
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 %.
- Client gifts bought for work purposes by salespersons who are entitled to receive commission income – includes a Christmas hamper, a bottle of whisky, wine, gift vouchers, flowers, etc.
- Computers, tools and equipment.
- Referral commission and expenses.
- Handbags, briefcases and satchels.
- Overnight travel expenses on sales trips or for training/conferences – includes airfares, accommodation and meals.
- 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 techniques, customer service, merchandising, computer skills or management.
- Self-education expenses – includes course fees, books, stationery, equipment and travel.
- Home office running costs.
- Sunglasses, sunscreens and cosmetics.
Professional memberships.
Non-deductible expenses:
- Advertising – if earning income from a fixed salary and not entitled to earn commission.
- Gifts – if earning a fixed income and not entitled to earn commission.
- Entertainment expenses including buying lunch for a client or business associate.
- Expenses incurred in attending social functions e.g. monthly sales representative networking breakfasts.
Tax Strategies we can assist you with.
- Self-education expenses
- Sunglasses, sunscreens and cosmetics
- Computers, tools, equipment and other assets
- Compulsory work uniform
- Gifts to clients, suppliers and contractors
- Union fees, licences, registrations and subscriptions
- Phone and internet
- Motor vehicle expenses: cents per km method
- Home office running expen
Click here to see Tax Calculator for Motor Vehicle Salespersons.
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.
