Deductions Checklist - General Computers and Software Conferences and Seminars - Includes training courses designed to maintain or increase employee’s knowledge, skill or ability in current vocation. Depreciation - Applies to tools, equipment and plant used for work purposes. The full cost can be claimed if the item costs $300 or less or has an effective life of less than 3 years. Driver’s License - Only for specifi c endorsements e.g. truck, taxi. First Aid Courses Gifts - If made to approved body or fund. Gifts made to clients can also be deductible if a direct connection with earning their assessable income can be shown. Glasses and Goggles - Protective use. Not glasses or contact lenses to help you see.
Posted on: Mon, 26 Aug 2013 07:00:00 +0000
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