Individual Tips & Tricks

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Individual Tips & Tricks

  • Expenses – For all expenses, you must provide receipts.
  • Individual returns need to be completed by most people.
  • If you wish to claim actual motor vehicle expenses , you must keep a log book for 12 consecutive weeks every 5 years to work out the number of business kilometres travelled.  You must have a starting and ending odometer reading.
  • If you are only claiming kilometres travelled (up to 5000 km) this can be done by diary entries, a log book purchased from a stationery store, or an excel spreadsheet.
  • Uniform expenses can only be claimed, if you are required to wear a uniform for work (e.g. nurse), embroidered corporate uniform, or occupation specific clothing (e.g, protective shoes, hi viz work wear etc.).
  • Study expenses – these are only claimable if the study is related to your occupation (the first $250 each financial year is not claimable).
  • If you have a lot of receipts, it is a good idea to separate them into categories (e.g. uniform, study) and in date order.