Tax Deductions for Bookkeepers
2 May 2018
Average weekly pay: $1,000
Employment size: 107,700
Future growth: Decline
Skill level Certificate II or III
Employment size: 107,700
Future growth: Decline
Skill level Certificate II or III
Bookkeepers maintain and evaluate records of financial transactions in account books and computerised accounting systems.
Typical tax deductions include:
- Cost of travel between offices and attending training courses.
- Percentage of home occupancy costs if working from home (due to the employer not providing an office workspace). Include rent, interest, rates, insurance, etc.
- Briefcases, handbag, man-bag or work bags.
- Professional seminars, courses, conferences and workshops.
- Reference books, technical journals and trade magazines related to work as an accountant.
- Computer depreciation, interest and repairs.
- Phone calls and internet (Work portion only).
- Self-education courses related to the current job.
- Home office heating, cooling, lighting and cleaning costs
- Professional memberships – e.g. CPA, IPA, CA, etc.
Non-deductible expenses:
- Cost of business lunches (even if discussing business matters).
Posted in Occupation Deductions
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2