Best Tax Deductions to Claim for Training and Development Professionals
Training and Development Professionals plan, develop, implement, and evaluate training and development programmes..
Employment Profile
- Average weekly pay: $1,782.50
- Employment size: 22,575
- Future growth: Stable
- 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, i.e. client samples and demonstration equipment.
- Motor vehicle travel between offices, visiting clients or for training purposes.
- Phone and internet – work %.
- Computers, tools and equipment.
- Handbag, briefcase or satchel.
- Overnight travel expenses visiting clients or attending different workplaces – includes airfares, accommodation and meals.
- 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 techniques, customer service, merchandising, computer skills or management.
- Self-education expenses – includes course fees, books, stationery, equipment and travel.
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
- 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
- Handbags, briefcases and satchels
- Overnight travel expenses
Click here to see Tax Calculator for Training and Development Professionals.
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.
