Income and deductions for small business

Tax-related expenses

You can claim the expenses you incur in managing your business taxes. These expenses include:

• having a bookkeeper prepare your business records
• having tax returns and activity statements prepared and lodged
• objecting or appealing against an assessment
• attending an Australian Taxation Office (ATO) audit.

You may be able to claim the cost of obtaining tax advice about the everyday running of your business as an ordinary business expense deduction.

Sections within Claiming common deductions

• Advertising expenses
• Business travel expenses
• Fringe benefits tax
• Expenses related to your home work area
• Motor vehicle expenses
• Phone expenses
• Plant and equipment (depreciation)
• Super contributions
• Salary and wages
• Tax-related expenses
• Repairs, maintenance and replacement expenses