If you are a loyal tax payer, there is several tax benefits offered by the Australian government that you can claim. The financial year is going to end and you should start your Tax Return process in the Tax season. You can claim for tax deductions you might know about.
Lodge your tax return online using the help of any expert tax professional to earn maximum tax benefits. Once you complete your tax return Online in Melbourne, you can entitle to claim tax deductions for different types of expenses that relate your earning expenses directly.
Do you know you can get tax benefits by claiming:
– You can claim for vehicle and travel expenses which are related to your work. You cannot claim short trips. It includes car expenses, travel between workplaces, other travel expenses, etc. For any expenses, you need to keep records about each of your trip and expenses to claim it.
– Even if you are working from a home, you can claim your work related expenses occurred at home such as electricity, phone, use of computer, furniture and more.
– You can claim for tax deduction for expenses such as occupation specific clothing, work uniforms, protective clothing as well as dry cleaning expenses of work clothing. Always remember to keep track of all information such as purchase of clothing, expenses, date of purchase, dry cleaning details, etc. If your company offered you clothing allowance, you should mention the exact amount in your tax return.
– You can also claim tax deductions for gifts or donation to any organization having a DGR (‘deductible gift recipients’). Gift as a money voucher or things, you should ensure with your tax professional to get tax benefits. There are many specific conditions; you should know to claim for gifts and donations.
– If you are associated with any specific industry, with tax advice from tax consultants, you can claim for tax deduction for work related expenses. There are more than thirty industry listed that you can claim for work-related expenses as per ATO guidelines.
– There are other deductions which you can claim such as attending work seminar, formal educational courses related to your field from professional institute, union fees and meal expenses during overtime work, as well as attending educational workshop or conferences related to your profession, purchase of books, magazines related to your work. There are several other tax benefits that you can earn by taking tax advice from an expert tax professional in Melbourne.
With the help of experienced tax professional, you can get a tax refund by claiming for specific expenses that you can maximize your tax earnings. If you are looking for an expert Tax Consultant for tax returns, you can write at enquiry@www.pndaccountants.com.au to get reliable and knowledgeable tax planning services.
