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Tax Deductions for Beauty Therapists

Attention to detail makes a big impact, but of course, as a beauty therapist you’d already know that. The same logic applies to your tax return. If you save every little bit and deduct everything you’re entitled to, the return can be massive. What are the details though, and what are you taxed against? 

When it comes down to it, there are three main criteria that qualifies an expense for tax deduction, which 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 what defines your taxable income, and a list of expenses that you as a beauty therapist can deduct on your next tax return online.

What Is Your Taxable Income

Your taxable income is money generated from your employer or your work. Your taxable income also includes:

  • 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 a Beauty Therapist 

Beauty Therapist Specific 

  1. Purchasing of any beauty therapist uniforms
  2. Expense to clean/laundry your beauty therapist uniform
  3. Protective clothing for beauty therapists, such as masks and gloves
  4. Purchase of equipment and tools such as scissors, blow dryers and hair straighteners and other equipment (up to $300)
  5. Depreciation of tools and equipment over $300
  6. The repair and maintenance of work related equipment
  7. Interest on loans taken out for work expenses
  8. Self-education and courses, such as beauty therapist courses
  9. Fees from joining a union/other similar organisations 
  10. Beauty subscriptions and magazines
  11. Travel expenses if work related (conferences etc)
  12.  Motor vehicle expenses associated with conferences, learning and purchasing of equipment

General 

  1. Car expenses and general wear (estimated Km or a logbook with all expense items)
  2. Travel expenses for your work (flights, taxis and trains etc)
  3. Accommodation needed on work reasons (including meals)
  4. Phone bills for work
  5. Work related computing 
  6. Working from home costs 
  7. Self-education 
  8. Tax return fees dating to the year previous 
  9. Insurances 
  10. Rental expense (if you are renting)
  11. Charity donations and gifts
  12. Sun protection (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.

The best way to claim the most you can is with a tax agent like One Click Life. We have made the process simple with 5 easy steps.

VOILA!

The more you deduct, the less tax you pay and the more money you can spend on yourself. Clearly, you will want to deduct the most you can, and the sure-fire way to do that is with a tax agent or accountant. If you can claim your tax agent/tax return fee back on tax, why wouldn’t you use one to minimise your tax?

One Click Life offers fast online tax returns at your fingertips in an easy-to-use platform run by industry professionals. 

Taxes, health insurance, and wills can be time-consuming and tedious. Our app allows you to be able to do this fuss-free, giving you a simple way to organise, track and manage all of your life admin in one place.
Let One Click Life take care of your tax return, and life’s essential tasks so you can spend more time doing the things you love.