Not claiming all your deductions is like leaving the ATO a tip a tax time to thank them! Read on to make sure you know what you can deduct this tax time so you’re not leaving the ATO a tip.
Tax deduction is a tricky area of tax that a lot of people get confused over. What is it? Why do you deduct tax? What can you deduct? When it comes down to it, there are three main criteria that qualifies an expense for tax deduction that is calculated against your income:
- You must have spent the money
- It must be related to your job
- You must have a record to prove it
However, this in itself can be hard to understand. What constitutes an expense as “related” to your job? Here is a list of expenses for bartenders that are tax deductible for your online tax return.
Remember, a record isn’t necessarily a receipt. There are tax deductions you can claim without a receipt. Continue on to find out more.
What Is Your Taxable Income
Your taxable income is any money you get from your employer or your work. These things also include:
- PAYG summaries
- Pensions and government allowances
- Interest earned (banks etc)
- Dividends
- Rental property income
- Business income
- Other income earned (capital gains etc)
Tax Deductible Expenses for Bartenders
Bartender Specific
- Purchasing uniforms with logos
- Protective/work specific clothing (aprons, non-slip shoes etc)
- The cost of laundry for protective items and uniforms up to $150
- Purchase of equipment like bar tools etc
- Education & courses related to your work (bartending course etc)
- License renewals required (RM/RSA/Gaming renewal, Safe food handling etc)
- Union Fees
- Driving between two places of work in your own vehicle or picking up stock. This is usually best claimed using the cents per km method of claiming a tax deduction. You cannot claim driving to and from work.
General
- Car expense and wear (estimated cents per km or a logbook with all expense items)
- Travel expenses (flights, taxis and trains etc)
- Accommodation for work related reasons (including meals)
- Work phone expenses
- Work related (as a percentage if shared with personal use) for computing
- Home office expenses that relate to work
- Self-education expenses if they relate to your work
- Last year’s tax return fee
- Insurance
- Rental property expense (if you are renting)
- Charity donations
- Sunglasses and sunscreen (if you have to work outside)
Maximising Your Tax Return With An Online Tax Service
There will be more you can deduct that isn’t on this list. Tax deductions are not only industry specific, but also change from individual to individual.
Check out how easy it is to lodge your Tax Return with One Click Life
One Click Life fast offers online tax returns at your fingertips in an easy-to-use platform run by industry professionals.
Over 250,000 Aussies have selected One Click Life!
Nervous about completing your Tax Return online by yourself? Over 250,000 Aussies have already created an account with One Click Life! Our very simple and easy to use online Tax Return has fast become the #1 online tax agent of choice by Australians all across the country.
(HONEST 2 GOD)
it was so simple and easy to use both online and the app
We highly recommend him and his team if you need any advice and legal work from them .
Let One Click Life take care of your Tax Return, and life’s essential tasks
