Archive for June, 2009

The medical expenses must be for:

you
your spouse – married or de facto – regardless of their income
your children who were aged under 21 years, including adopted and stepchildren, regardless of their income
any other child aged under 21 years – not a student – whom you maintained and whose separate net income (SNI) was less than [...]

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Last year more than 1.4 million people claimed over $25 billion in rental deductions in their tax return. Over 200,000 of these people were claiming deductions for the first time.
With so many people claiming deductions the Tax Office is continuing its focus in this area to ensure they get the claim right.
This year the Tax [...]

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See also ==> Deductions Q & A’s
You can claim a deduction for these fees. If the amount you paid is shown on your group certificate, you can use it to prove your claim. You can claim a deduction for a levy paid in certain circumstances—for example, to protect the interests of members and their jobs. [...]

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See also ==> Deductions Q & A’s
Work related tools and equipment costing between $300 and $1000 can be allocated to a Low Value Pool depreciated under. Tools and equipment that have declined in value from other depreciation methods can also be allocated to the Low Value Pool.
Working out Depreciation

You work out your deduction [...]

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See also ==> Deductions Q & A’s
See also ==> Low Value Pool
Claim in full
Tools and equipment bought between 1 July 1991 and 11.45 a.m. on 21 September 1999 can be depreciated at a rate of 100 per cent—that is, you can claim an immediate deduction—if the cost of the item is $300 or less [...]

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See also ==> Deductions Q & A’s
You can claim a deduction for the cost of attending seminars, conferences and training courses that are sufficiently connected to your work activities at the time the expenses were incurred, provided your employer or any other person did not reimburse the costs.
(Source ATO)
David Maynard is committed to assisting [...]

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See also ==> Deductions Q & A’sSee also ==> Car Expenses claims & methods
You can include car wash expenses in the calculation of car expenses if you use your vehicle to earn your income and you use the logbook method or one-third of actual expenses method of claiming your car expenses.
Remember, if your employer [...]

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See also ==> Car Expenses you can Claim

Travel between home and work
You cannot claim a deduction for the cost of normal trips using your car to travel between your home and your workplace. It is a private expense even if you do small tasks on your way to or from work—for example, picking up [...]

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See also ==> Deductions Q & A’s

Compulsory uniforms

A compulsory uniform is a set of clothing that, worn together, identifies you as an employee of an organisation having a strictly enforced policy that makes it compulsory for you to wear the uniform while at work. You can claim a deduction for the cost of buying, [...]

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See also ==> Deductions Q & A’s

You can claim a deduction for the work related proportion of depreciation on the cost of computers. If you use your computer for private purposes you must apportion your depreciation amount between work related and private use. You can also claim a deduction for the work related proportion of [...]

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