Tax Deductions for Accountants
Some deductions that may be available to accountants include:
Professional body memberships (e.g. CA, CPA, NIA);
Course fees for Professional Training (such as CA or CPA program) as well as professional development courses;
Annual subscription for Tax Agents Board;
Memberships to accounting technical journals and publications such as the Taxpayer;
Professional Indemnity Insurance;
Travel costs to visit clients;
Phone calls to clients; and
Calculators and software (depreciable if over $300).
Accountants may also be entitled to general tax deductions that are not work specific, such as investment deductions or deductions for car expenses.
Tax Focus is a Registered Tax Agent and Certified Public Chartered Accountant. With over 20 years of combined tax experience our tax agents are ensuring that you get the biggest tax refund possible.
With offices located in Bondi Junction and Sydney CBD, we are conveniently positioned to provide tax accounting services to Sydney’s Eastern Suburbs, Sydney CBD and surrounding suburbs.
Contact us to see how we can help.