Tax Deductions for Blacksmiths

Tax Deductions for Blacksmiths

blacksmith deductions

Average weekly pay:          $700 
Employment size:               2,500  
Future growth:                    Decline      
Skill level                               Certificate III or IV

A blacksmith is a person who makes and repairs iron objects by hand. 

Blacksmith tasks include:

  • Selecting metal stock for job requirements.
  • Heating metal in forges and furnaces, hammering, punching, and cutting metal using hand tools and machine presses.
  • Tempering and hardening finished articles, electroforming, painting and polishing. 
  • Preparing horses’ hooves for shoeing, nailing horseshoes to hooves, and trimming hooves.

Typical tax deductions:

  • Travel to and from work, and customer farms or premises, while transporting bulky equipment (normally 20 or more kilos). Normally includes blacksmith tools and raw materials including a variety of metals. Deductions are normally maximised by using the logbook method.
  • Mobile phone, internet and home office costs.
  • Travel expenses. Meals and accommodation expenses incurred when being away from home overnight for work.
  • Protective clothing, including fire-resistant and sun-protection clothing, safety-coloured vests, steel-capped boots, gloves, overalls, and heavy-duty shirts and trousers, overalls, smocks and aprons you wear to avoid heat damage whilst blacksmithing. 
  • Courses, seminars and self-education expenses.
  • Tools and equipment, if less than $300 each are immediately deductible. Whereas if they are over $300 they are depreciable.

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