tax back ?????

[smokey_dj]

ok ppl i might be going full time soon and stocky and i were shooting the breeze about this tonight at his work what exactly can you claim back on tax to maximise your return

i know of the one where you can claim every km for work back by buying a newspaper from your most local shop every time on your way to work and even claim back for the paper

mike said you can claim for $2 something a day just for getting your uniform washed

so what else is there that you can claim back so you can get those personalised plates you wanted or a new engine or charger or rims or whatever as alotof ppl do when they get what they get returned

[ClairBear]

I don't know who told you that you can claim for buying a paper and the k's to do so each day, because that is not right in most instances.

You can only claim work related expenses if it is spent as part of earning your income. You cannot claim driving to and from work, even if you stop to buy the paper. You can claim mileage if you use your car for work related purposes. For example if your a tradesperson and you leave your workshop to visit a client. But you must keep the appropriate records/receipts.

As far as the paper is concerned, if you were in the financial field for example, you could claim the cost of the Financial Times as that would be considered work related.

If your a tradesperson, you can claim the cost of tools purchased for your trade. You can claim laundry expenses for washing work uniforms that are provided by the Company, not every day clothing though for instance if your an office worker.

When you lodge your tax return, there is a comprehensive guide to what exactly can be claimed and what receipts you need to keep.

C.

[Reaper]

ok ppl i might be going full time soon and stocky and i were shooting the breeze about this tonight at his work what exactly can you claim back on tax to maximise your return

i know of the one where you can claim every km for work back by buying a newspaper from your most local shop every time on your way to work and even claim back for the paper

Uhh I'd be careful with that one if I were you.

mike said you can claim for $2 something a day just for getting your uniform washed

Sort of. You can claim for the maintenance on uniforms (I don't know if that rate is right or wrong). The uniform must have the logo of your employer on it and there are several other rules as to what is considered a uniform or not. A nice shirt/tie or pair of duds with no logo's etc is not considered a uniform even if you use them exclusively for work.

so what else is there that you can claim back so you can get those personalised plates you wanted or a new engine or charger or rims or whatever as alotof ppl do when they get what they get returned

Read your tax pack when you get it. There are a heap of things listed for each industry as to what is allowed or not. If in doubt talk to your accountant - this can be very expensive if you get it wrong.

Reaper

[smokey_dj]

hence why i was asking ive never had to do tax b4 cause ive only been doing tafe courses and what not up till 6 months ago then just recently got my proper first job but im not getting the hours iwant obviously as im on call lol but yeah not aiming for the life of the full time worker so i was just curious

thanks clair and reaper anymore opinions/facts ppl ???

[Troy711]

get a good accountant...

i was able to claim about 10K of deductions this year (but thats cos i claim me car as it is a business expense)

[holdensupporter2005]

if you are going to try and claim things like that, you have to have proof that it was used for work purposes, and you must provide details eg. Reciepts and calculations that you used to work out the info.

[Clutchy]

As for claiming the kays ya do that all depends on your job and if ya on call i would say ya not a tradie so have fun claiming ya kays I have to keep a log book on all my kays I do in my ute as im claiming it on work but I can claim all my ks as I carry my tools all the time not just from site to site as some can only claim and i wouldent think its $2 a day for washing ya own clothes but I could be wrong and if ya work outdoors and have to provide ya own hat sunnies and sunscreen ya can claim all that sort of stuff hope that helps ya abit.

[ClairBear]

If you do your own tax online using etax, there is a formula to use for working out cost of laundry and also cost of using your own vehicle for work.

Reality is, it depends what line of work your in as to what your entitled to claim as a deduction.

If you really want to know in advance so you can keep the right receipts/documents, once you secure a job, you could try ringing the ATO and seeing if they have a brochure on what you can claim.

C.

[Troy711]

As for claiming the kays ya do that all depends on your job and if ya on call i would say ya not a tradie so have fun claiming ya kays I have to keep a log book on all my kays I do in my ute as im claiming it on work but I can claim all my ks as I carry my tools all the time not just from site to site as some can only claim and i wouldent think its $2 a day for washing ya own clothes but I could be wrong and if ya work outdoors and have to provide ya own hat sunnies and sunscreen ya can claim all that sort of stuff hope that helps ya abit.

when you keep a log book you need to keep it for 3 consecutive months and that is valid for up to 5 years. if you feel you are using more work kays then in your last log book period you should do it again

[maxy0987]

Whats the go with claiming a car?
If i own a business and say buy a car and use it as a rolling business card (eg: decals and stickers with company name), can i claim on that? does it depend on what field my company is in or can it be any? (always wanted to know)

[tr3nt]

How about not dodging the system and literally only claim the things you buy/use.. For example, im a telemarketer, so I claimed my trousers and shoes, dry cleaning of course (not excessive amounts), I claimed fuel usage getting to and from the interview, and stationary.

[smokey_dj]

who said the laundry one was on my own clothes ??? i meant it as uniform thats supplied not my own stuff

[brohawk]

it also depends on what bracket you are in both my mum and my gf's mum work full time my mum works 2 jobs aswell they both payed upwards of 14k tax and got back very little few hundred at most. where as i worked 4 different jobs for a few months each earing good money but i was in and out of work to so i earnt much less but only payed a fraction of the tax thy did and i got just over a grand back. so the less you earn and them better u claim the things ou can claim the more u will get back. if you have a really hi paying job you will get very very little tax back. find out what bracket u will be in

[ClairBear]

How about not dodging the system and literally only claim the things you buy/use.. For example, im a telemarketer, so I claimed my trousers and shoes, dry cleaning of course (not excessive amounts), I claimed fuel usage getting to and from the interview, and stationary.

None of those are legal deductions, so thats dodging the system You can only claim clothing if it is an industry specific uniform, not every day pants and shoes for a telemarketer.

You can't claim fuel costs for going to interviews either.

C.

[Troy711]

Whats the go with claiming a car?
If i own a business and say buy a car and use it as a rolling business card (eg: decals and stickers with company name), can i claim on that? does it depend on what field my company is in or can it be any? (always wanted to know)

it all depends on what your job is and how you use your car

[angelo.vs]

You can claim up to 5000kms at I think 67 cents without any documents or physical documentation. That 67 cents is the maximum cent per km amount you can claim. Thats assuming you will be using the VN. When picked for an audit though, make sure you can support your claim... With laundry, last I checked is you can claim $150 max for UNIFORMS ONLY.

They also cross match your claims/income against what you put in your job description.

[Troy711]

easiest way to do it is to find an accountant who can tell you what you can and cant do.

[Pretender]

Sashyre has been correct in all posts.

www.ato.gov.au All the info is there, plus contact numbers, and you can request for written information to be mailed to you if need be.

Just be absolutely sure you are claiming correctly. It can take up to 24 months to cross reference the info. That means you will also be hit with a General Interest Charge (GIC currently 12.87% reviewed every three months) from what would have been the original due date if you are found to have claimed incorrectly.

Of note, if you signwrite your vehicle, to advertise your business but don't actually use the vehicle to obtain your income, you can claim the cost of the signwriting as an advertising cost (same as fixed signage). You cannot claim running, service, repair or cleaning costs at all.