Consult an expert tax agent when it comes to your business decisions, this ensures you keep up to date on latest changes.
There are hundreds of surprising items that you can claim as a tax deduction on your tax return.
With the new federal budget, there is an emphasis on supporting small businesses via tax relief however there are a lot of lesser known deductions that are not being claimed.
For those who work outdoors can claim sun protection like sunscreen, hats, sunglasses etc. Flight attendants can claim moisturiser, compression stockings. Sex workers can claim birth control as a tax deduction. Truck drivers on long haul trips can claim the cost of portable fridge to keep your meals nice and cold.
You can provide these extra benefits to your employees now and claim as a tax deduction.
Airport Lounge Membership:
Businesses can claim 30% of airport lounge membership if your staff fly’s often.
Theft or Fraud:
30% of any losses that are not covered by your insurance company can be claimed as a tax deduction in 2015 financial year.
Your business might be eligible to claim 30% of expenses related to a guard dog (to prevent your premises from theft/intrusion) such as food, vet fees, grooming etc.
Call our expert Cranbourne tax agents on 1300 300 106 to find out the weird deductions your business might be eligible for.