Best Tax Deductions to Claim for Travel Agents
Travel Agents assist clients in making travel arrangements for both business and holiday purposes.
Employment Profile
- Average weekly pay: $1,242
- Employment size: 23,625
- Future growth: Moderate
- Skill level: Certificate II or III
Typical tax deductions include:
- Motor vehicle travel between offices, visiting clients or for training purposes.
- Phone and internet – work %.
- Computers, tools and equipment.
- 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.
- Overnight travel expenses attending conferences, seminars, training courses and industry promotions – includes airfares, accommodation, meals, and incidentals.
- Education, familiarisation and other similar travel if undertaken specifically for work purposes (and not a holiday) -this must meet the guidelines in the 2008 Sanchez case.
- Entry fees to tourist attractions where the sole purpose of the visit was for work-related purposes.
- Compulsory work uniform branded with the employers logo.
- Self-education courses -for example, Cert III in Tourism (Retail Travel Sales).
- Magazines and books related to travel, holidays, sales, customer service, and management.
- Home office running expenses.
- Overseas conferences, courses and study tours.
- Union fees, licences, registrations and subscriptions.
Professional memberships.
Non-deductible expenses:
- Educational and familiarisation travel which is a holiday.
- Travel for industry functions which includes entertainment, e.g. three-course meal, band, and alcoholic drinks.
- Passport application and renewal fees – as it relates to the personal right to travel to an overseas destination.
- Travel insurance
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
- 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 expenses
- Overnight travel expenses
Click here to see Tax Calculator for Travel Agents.
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.
