A

• Accounting and Auditing Expenses such as:
  • Auditing of your books and accounts
  • Costs of bookkeeping
  • Costs of defending against any ATO or state agency audits or challenges
  • Costs of investigation of any tax returns
  • Costs of tax strategy preparation
  • Tax Agent Fees
• Advertising in:
  • Newspaper
  • Magazine
  • Radio
  • Other Media
  • Contributions to various organisations for advertising purposes
  • Costs of displays, posters, etc. to attract customers
  • Prizes and other expenses in holding contests or exhibitions
  • Publicity generally speaking, all costs including venues, music etc.
• Alcohol as gifts for staff, customers, tenants and business
• Amortisation

B

• Bad Debts if income taken into account
• Bank Fees & Government Charges
• Batteries for calculators etc.
• Birthday Gifts under $300 to employees infrequently, tenants any value, etc (non entertainment)
• Books – occupation specific, investment related, motivational, used in waiting room, as gifts to staff etc.
• Borrowing expenses (Deductible over 5 years)
• Briefcase

C

• Calculator
• Capital Losses
• Carried Forward Losses
• Christmas presents to staff (less than $300 infrequently), customers, or prospects (non entertainment)
• Cleaning and cleaning products (business or investment properties)
• Clothing – protective or corporate, registered uniforms
• Commissions on sales of securities by dealers in securities
• Computer depreciation
• Costs of goods sold
• Council rates & water rates
• Courier
• Credit card interest and fees for business
• Corporate credit card membership
• Crockery used in tea room
• Cutlery used in tea room
• CDs for recording
• CD player (diary business % if have 2, one exclusive for business)
• Computers as a gift to clients, tenants etc.

D

• Depreciation
• Director’s fees and allowances
• Discounts allowed to customers
• Donations to registered charities
• Drivers Licence
• Dry cleaning of approved uniforms or protective clothing
• Dues paid to:
  • Better business bureau
  • Chamber of commerce
  • Trade associations
  • Professional societies
  • Technical societies
  • Protective services association
• DVDs or DVD playeras gifts to clients, tenants etc.

E

• Easter Eggs for reception, employees, tenants, agents etc.
• Electronic Diary
• Employee agreements
• Entertainment expenses (limited circumstances)
• Environmental impact statements
• Exhibits and displays to publicise your products and services

F

• Factoring
• Fax machines
• Fees for passport & visas necessary when travelling on business
• Fees to technicians (professionals for services rendered)
• Film
• Financial Planning advice (except for initial fee)
• First aid kit and courses
• Forfeited stock
• Forklift licenses
• Flowers used in reception or gifts for staff, business associates, tenants and agents
• Food (staff amenities such as tea/coffee/biscuits, at meetings & seminars)
• Freight charges
• Fringe Benefits Tax expenses

G

• Gardening for rental property or office
• Gifts to staff under $300 infrequently, for tenants, agents business associates (non entertainment)
• Gift vouchers to staff under $300 infrequently, for tenants, agents, customers, business associates (non entertainment)
• Glassware for staff room/client visits
• Glasses and protective eye-wear
• Greeting cards – marketing tool of business
• GST
• Guard Dog – costs of owning and maintaining
• Guarantor’s loss
• Games as gifts
• Groceries as gifts
• Gardening equipment as gifts

H

• Hire of plant & equipment, vehicles etc.
• Hire purchase interest and charges
• Home office expenses

I

• Indemnity payments
• Insecticides
• Insurance premiums on:
  • Income protection insurance
  • Life – Keyman
  • Landlords
  • Building /Content/Public liability
  • Asset protection
• Interest on late payment of tax return
• Interest on loans of all kinds for business purposes such as:
  • On loans
  • On mortgages
  • On bonds
  • On tax deficiencies
  • On instalment payments of auto, furniture etc.
  • On margin account with broker
  • Bank discount on bank bills and promissory notes
    • On net loss of property to set up separate account
• Inventory loss due to damage
• Investment advisor fees
• Internet fees searching for rental properties, investments, sending emails to clients

J K L

• Land tax
• Lease preparation
• Leases on property and plant
• Legal costs
• Legal expenses involving:
  • Tax strategy
  • Drafting of agreements, resolutions, minutes, etc.
  • Defence of claims against your business
  • Collection actions taken against others
  • Any other business related legal activity
  • In settlement of cases
  • Payment of damages
• Licence fees
• Losses, deductible if connected with your business or profession such as:
  • Abandoned property
  • Accounts receivable
  • Auto damage caused by fire, theft, heat, storm, etc.
  • Bad debts
  • Bonds
  • Buildings damaged
  • Burglary
  • Business ventures
  • Capital assets
  • Casualties fire, theft, heat, storm, etc.
  • Damages to property or assets
  • Deposit forfeiture, on purchase of property
  • Drought
  • Embezzlements
  • Equipment abandoned
  • Forced sale or exchange
  • Foreclosures
  • Forfeitures
  • Freezing
  • Loans not collectible
  • Theft
  • Transactions entered into for profit
• Lunches In house

M

• Magazines, industry specific or used in waiting rooms or office
• Membership dues (Accor, Qantas, Frequent flyer, Airport lounge etc.)
• Mobile phone and answering machines
• Morning and afternoon teas
• Motor Vehicle expenses for business purposes, such as:
  • Damage to vehicle not covered by insurance
  • Petrol, diesel, gas etc.
  • Oil
  • Repairs and maintenance
  • Washing and polishing
  • Batteries
  • Garage rent
  • Interest portion of payments
  • Insurance premiums such as fire, theft, collision, liability etc.
  • Lease payments
  • Registration
  • Depreciation (where you own the car or HP the car)
  • Bridge Tolls
  • Parking
  • Road Tolls
  • Auto association membership
  • Tyres
• Music used in office environment or as gift

N

• Newspapers

O

• Office equipment
• Office furnishings eg. couches, chairs, dried flowers & vases, pot plants, painting, microwave etc.
• Office rent – including home office
• Overtime meal allowances (re awards)

P

• Paging equipment
• Parking
• Payroll tax
• Pest control expenses
• Petty cash
• Photography (used to promote business)
• Pictures & prints (for display in office area)
• Plant hire (used within business)
• Postage
• Prizes and promotions
• Professional development courses
• Professional library
• Perfume as a gift for staff less than $300, tenants, clients etc.

Q

• Quantity Surveyor fees

R

• Rental property expenses, including:
  • Advertising
  • Agent’s commission
  • Building Write off
  • Body corporate fees
  • Bookkeeping
  • Borrowing expenses
  • Building and/or pest inspection
  • Cleaning
  • Depreciation
  • Gardening
  • Gifts for tenants and managers
  • Heating, lighting, etc.
  • Interest
  • Insurance
  • Land tax
  • Legal expenses re: Leases, tenants or property
  • Letting fees
  • Rates Council/Water
  • Repairs and maintenance
  • Rubbish Removal
  • Stationery
  • Travel (airfares, accommodation, car hire, transport costs, meals, parking, tolls, petrol, photos, film, etc.)
  • Telephone
• Radios (used to provide music or training at work)
• Registration
• Relocation expenses
• Rents paid, such as:
  • Business premises
  • Parking facilities
  • Safe deposit boxes
  • Warehouse and storage
• Repairs & Maintenance
• Research and development
• Royalties

S

• School building levies
• Self Education expenses (including course fees, travel, stationary, equipment etc. except HECS) provided that the education directly benefits you in your current occupation
• Security (including alarm monitoring)
• Seminars and associated costs
• Share trading losses (if bona fide share trader)
• Software
• Spare parts
• Sporting sponsorships
• State taxes and fees
• Stationery
• Stock
• Storage
• Street directory
• Subcontractors
• Subscriptions to all trade, business and professional products
• Suit hire for presentations etc.
• Sun protection
• Superannuation contributions
• Stereo, TV, DVD to listen to educational information (diary for Business % or if you have 2 one is for exclusive business use)
• Stress management course can be claimed by business for employees

T

• Taxi fares
• Tea and coffee making equipment
• Telephone
• Tender costs
• Theft losses
• Tools and equipment
• Toys used in reception or waiting area of business, or as a gift for clients, tenants or staff (less than $300), infrequently, etc.
• Trade and technical journals
• Travel expenses (including meals, airfare, telephone, etc.)
• Travel luggage
• Travel between jobs, place of education, tax agent, etc.
• Travel allowances
• TV as a gift to staff under $300 infrequently, tenants, agents, customers, business associates etc.

U V W X Y Z

• Uniforms
• Uniform wash, clean, dry-clean and maintenance
• Union fees

• Valuation fees
• Vending machines on business premises
• Video cassettes
• Vouchers as a gift to staff under $300 infrequently, for tenants, agents, customers, business associates, etc. i.e. Myer, Target, Kmart, Harvey Norman etc.

• Wages, including:
  • Long Service Leave
  • Annual Leave & Loading
  • Bonuses
  • Commissions
• Waste disposal
• Water filtration units
• Water storage
• Work Cover premiums