Trades people are often targeted by the ATO
Each year the ATO pick certain industries and areas of employment to target for review and audit. Trades persons are often scrutinised due to the large level of deductions claimed by people employed in this area.
This is where we come in
Martin & White Accountants have supported the taxation needs for people in the building and construction industry for many years. We have discovered that trade professionals frequently don’t minimise their tax as they are unsure of the various work-related deductions they are entitled to claim.
Here is just a small sample of items you can claim for:
- The cost of using your car to travel between your home and work if you had to carry bulky tools and equipment and there is no secure storage area at your work
- Cleaning of work clothing (with a logo) or protective clothing
- A portion of your mobile phone if you use it to make calls for work purposes
- Sun protection costs, i.e. sunglasses, hats and sunscreen lotion, if you are required to work outdoors for all or part of the day
- and more!
Martin & White Accountants service Penrith and the surrounding suburbs. Appointments can be conducted in the office or over the phone and documents sent via email or post if this is more convenient.
P.S. We can also assist you with BAS preparations, bookkeeping, budgeting and moreā¦
Contact Martin & White Accountants now to see how we can help you.