The Lawson Lowdown

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Weekly Tax Tips

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Week 1

Did you know that if you are required to use your personal mobile phone for work (making and taking calls) that you can claim a percentage of your bill on your Income Tax Return? 


Week 2

Did you know that you can claim the cost of attendance fees, travel to/from work-related seminars, conferences, conventions and education workshops when they sufficiently connect to your work activities? 


Week 3

Did you know that the cost of your Income Protection Insurance is completely Tax deductible when the policy is held in your name (Not your Superannuation funds) due to its direct link to you earning income?


Week 4

Did you know that the ATO have launched a new Scams Alert Page as part of 'Stay Smart Online' week? If you recieve a suspicious email, SMS or phone call, visit ato.gov.au/scamalerts for info on the latest ATO impersonations and tax related scams.


Week 5

Did you know that the ATO has an app to help you keep track of your work-related expenses? Individuals can utilise this app to ensure all deductions are recorded and automatically sent to your tax agent or accountant. 

Week 6

Did you know that you can claim the cost of any donations or sponsorships made throughout the year for example MS read-athon and Movember? This includes flood and disaster relief: Note: October is Breast Cancer Awareness Month, donations can be made ar nbcf.org.au


Week 7

Remember these three rules when claiming all work-related expenses on your tax return! 

1. You must have spent the money (and have not been reimbursed) 

2. The expense must be directly related to earning your income (i.e A builder can claim tools, a retail employee cannot) 

3. You must have a record to prove it (A reciept or proof of transaction) 

Check out deductions you can claim at ato.gov.au/deductions


Week 8

Did you know that if you are required to work from home, perform CPD or study for work form home you can claim an hourly rate to cover you for home office expenses?  


Week 9

Did you know that it is better to get your employer to pay for as many work-related expenses as possible rather than claiming them yourself? Based on marginal tax rates, you only get back a percentage of any expenses incurred, not 100% of the expense.


Week 10

Did you know that personal super contributions can be claimed as a tax deduction on your Tax Return? Before claiming you must have received an acknowledgment form from your superfund by contacting them advising of your intent to claim. Note: Personal contributions made will be subject to 15% tax in the fund.


Week 11

Did you know that as of July 1st 2019 all businesses that employ staff are required to report all payroll activity through the ATO’s new Single Touch Payroll process? This will mean there is no longer a requirement to provide annual PAYG Payment Summaries (Group Certificates).


Week 12

Did you know that as of July 1st 2019 all businesses that employ staff are required to report all payroll activity through the ATO's new Single Touch Payroll process? This will mean that there is no longer an obligation to provide annual PAYG Payment Summaries (Group Certificates).


Week 13

Did you know that the cost of your annual flu shot is not claimable on your income tax return even if your employer requires you to be vaccinated? This type of expense falls under the category of medical expenses and as of 2015 medical expenses are no longer claimable.


Week 14

Watch this space - New tip coming next week!


Week 15

Watch this space - New tip coming soon!

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