Tax Tips for Tradies

We specialise in Tradies’ tax returns and their GST claims.
If you’re a tradesperson, you may claim all your business-related expenses in your tax return to minimise your income tax or maximise your tax refund.
Business running expenses include,
  • Purchase price of materials
  • Motor vehicle expenses, including fuel, service, loan interest, registration and insurance
  • Tools and car parking
  • Travel expenses
  • Loan and credit card interest
  • Credit card fees
  • Travel meal expenses
  • Uniforms, laundry and dry-cleaning expenses
  • Repairs and maintenance of work tools and motor vehicles
  • Business name and licence registration
  • Cost of protective items, including boots, hats, tradie pants, gloves and knee guard
  • Tax agent and accounting fees
  • Professional Indemnity Insurance
  • Income protection insurance
  • Personal superannuation contributions
  • Bank fees and charges
  • ATO interest expenses
  • Gifts or donations
  • Business Insurance
  • Public Liability Insurance
  • Stationery
You may also claim your home-office expenses including,
  • Electricity and gas expenses
  • Internet expenses
  • Mobile phone expenses
You may claim home occupancy expenses when you run your business from home. These may include,
  • House rent
  • Home mortgage interest
  • Council rate
  • Water bills
  • House insurance
Under instant asset write-off, you may also claim the purchase price of the business assets immediately including,
  • Work-related tools and equipmen
  • Motor vehicles, including cars, Utes, four-wheel drives and vans
  • Computers, laptops and monitors
  • iPad and Notebooks
  • Computer Accessories
  • Mobile phone
  • Table lamps
  • Printer and cartridges
  • Desk and chairs
  • AirPods
You may claim GST credits on your business-related expenses in your BAS.
Book your appointment by scanning the QR code below or visit our website: taxbook.com.au
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