Every industry has different items that you can/can’t include in your individual tax returns…let’s talk about FIFO workers specifically.
The below is what you 𝗖𝗔𝗡 claim…
Meals and travel – cost of meals when working overtime, travel to another venue for any work-related activity, use of personal car for attending anything work related.
Uniforms and protective clothing – any uniforms which have your employers logo, PPE and protective clothing (gloves, high vis etc.), sun protection items (sunglasses, hats, sunscreen etc.), costs involved in renting/repairing/cleaning of clothing with logo’s or protective items – this item has a few restrictions, contact us to find out more.
Equipment and tools – if cost is under $300 you can claim if work related, over this amount depreciation needs to be applied, there are restrictions on how much you can claim if the items are used for personal use also, power tools and equipment, electronic equipment (phones and laptops etc.), safety related items/training (first aid courses, GPS equipment, first aid gear).
Other claimable expenses – annual work related memberships and union fees, costs involved in renewing machinery licenses (forklift and operating license etc.), training and seminar fees, work-related self-education, work related phone and internet fees, tax agent fees, work related home office costs, donations over $2 to registered charities, Income Protection Insurance costs.
With the above items, note that there is ATO allowable limits to these deductions, we can help you with this!
The below is what you 𝗖𝗔𝗡'𝗧 claim…
Meals and travel – costs between home and FIFO site such as to and from the airport and any airfare costs.
Uniforms and protective clothing – any items which do not have your employers logo (shoes, socks etc.),
Other non-claimable expenses – Cost of renewing your driver’s license.
We have so many FIFO workers as clients for their individual tax returns, if you have any questions or if you require assistance with your 21/22 tax return contact us on 9526 9231!
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