Tax deductions for finance manager
Finance managers plan, organise, direct, control and coordinate financial and accounting activities.
Average weekly pay: $2,073
Employment size: 52,700
Future growth: Moderate
Skill level Bachelor Degree or Higher
Typical tax deductions include:
- Motor vehicle travel to and from work if having shifting workplaces – working at more than one site each day before returning home.
- Motor vehicle travel between offices, visiting clients or for training purposes.
- Phone and internet – work %.
- Computers, tools and equipment.
- Referral commission and expenses.
- Handbags,briefcases and satchels.
- Overnight travel expenses visiting clients or attending different workplaces – includes airfares, meals and accommodation.
- 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 – course fees, books, stationery, equipment and travel.
- Entertainment expenses including 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
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