IQ Graduate | Work related expenses
Graduate IQ-2. What work related expenses are deductible for your client and how to manage them on the tax return.
Graduate IQ-2. What work related expenses are deductible for your client and how to manage them on the tax return.
Work related deductions can be a tricky area mostly because clients have very high expectations of what they can claim! We work through the general concepts of deductibility, then work through D1 to D5 of individual tax return, looking at what can be claimed and why (or why not). Plus, we look at the management of working from home expenses.
This module is available as part of the Accounting Graduate IQ Program.
2.25 CPD Hours (Tax) including Q&As
Accreditation 022401
Total 2.25 CPD Hours
With practical examples and embedded Q&As, we explore:
- General rules about deductibility
- Work related expenses items
- Reimbursement v allowance
- Deductibility of travel
- D1 Work related car expenses
- deduction methods - logbook and cents per km
- D2 Work-related travel expenses
- Travelling overnight for work
- Applying the Commissioner’s reasonable amounts
- Bona fide travel allowances
- Employee truck drivers
- Employee parking expenses
- D3 Work-related clothing, laundry and dry cleaning expenses
- Cleaning and maintaining deductible clothing
- D4 Work-related self-education expenses
- Pre 2022-23 $250 reduction
- D5 Other work-related expenses
- Commissioner’s reasonable overtime meal allowance amounts
- Working from home expenses
- Pre and post 2022-23 treatment of working from home expenses
- Utilising the 67 cents per hour rule of thumb
Karen Vella
Tax Training Team Leader, TaxBanter
Karen has over 25 years experience in the tax profession, first as a practitioner and more recently as an educator. She trained with the Big Four and initiated her own successful small practice before moving to Hayes Knight as a Partner.
Prior to joining TaxBanter, she spent many years as a trainer and technical writer for Webb Martin Training, and then most recently TaxBytes. She is also a regular presenter and consultant for Knowledge Shop.
Karen loves to talk tax. She has provided tax training to clients ranging from the Australian Taxation Office to accounting firms, both large and small. Her specialty is translating complex content into something meaningful, engaging and practical for her clients, no matter their level of experience.
IQ Graduate | Work related expenses
Tax & Accounting
2.25 hours | 11 modules
Accreditation: 022401
Investment per person: $ 1,600.00
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 2.25 hrs
FS
SMSF
Tax Accounting
General