FAQ’s & Answers More Importantly!
Below are just a few of the questions we are frequently asked, and a summary response. As with all things, your unique situation may differ so please don’t hesitate to contact one of our experienced team today for a more personal answer.
- Accounting Fees
- Advertising
- Bank Fees
- Depreciation of Assets
- Dues and Subscriptions
- Insurance (Business)
- Internet Fees
- Materials
- Motor Vehicle Expenses (Logbook or Cents Per KM Methods)
- Office Expenses
- Postage / Shipping
- Rent (Business Premise)
- Repairs & Maintenance
- Subcontractor Fees
- Telephone Fees
- Tools
- Wages
Please be aware that some of these expenses may not relate to your business or may not be claimed at 100% of the expense.
If you would like further information on what you can claim in your business please feel free to call the Tick Tax Office to book in an appointment and see one of our consultants.
Investment property expenses which can be claimed as a deduction include but are not limited to:
- Advertising for Tenants
- Body Corporate Fees
- Borrowing Expenses
- Cleaning
- Council Rates
- Depreciation on Plant
- Emergency Services Levy
- Gardening
- Insurance
- Interest on Loans
- Land Tax
- Pest Control
- Property Agent Fees
- Repairs & Maintenance
- Special Building Write-off
- Stationery
- Telephone
- Water Charges
Please be aware that some of these expenses may not relate to your business or may not be claimed at 100% of the expense.
If you would like further information on what you can claim in your business please feel free to call the Tick Tax Office to book in an appointment and see one of our consultants.
The ATO have also developed an app (MyDeductions) to store photos of all your receipts which are then also passed on to your registered tax agent at year end. It is also wise to back up your receipts by forwarding them via email to yourself or your accountant at Tick Tax.
For more information on the MyDeductions app please visit MyDeductions App – ATO