What to claim, and what not to claim.
It’s that time of year again, where everyone gets a little excited about their mid-year money in the hope that they’ll get more than they did last year. This is until you go online and remember the rigmarole you have to go through to get that little safety net in your account. For those of you who have been your own tax for years, I applaud you. For those of you with an accountant in the family…I’m insanely jealous.
One of the best tips online for tax time is to wait. Sounds fake right? If you wait until mid-August, the ATO pre-fills the majority of your tax return! Most information from employers, banks, government agencies and other third parties will be done, without you lifting a finger. You’ll just have to double check it, enter any deductions and submit. Patience is key- for those who have it.
A friendly reminder for those of you who drive to work… it doesn’t count, stop claiming it! Travel expenses only cover travel between workplaces, or on trips that you need to take for work purposes, the government won’t pay for you to get to work, that’s on you. Similarly, you can only deduct for workwear if it has the logo or insignia of your place of work. You can’t claim tax on that cute but serious pencil skirt that you only wear to work. You can however, claim tax on a chef’s hat- due to the government assuming you don’t wear it casually on the weekend.
For those of you who work at home and aren’t aware, as long as you solely work from home and have a dedicated desk or office space, you can deduct a fair bit through tax. From cleaning the office space, to furniture repairs, if it pertains to your work you can claim. You can even claim a portion of your monthly internet bill or air-conditioner. The tricky part is dividing the percentage of utilities that are used during work hours, as personal use of the internet won’t be covered.