10 August 2017
You can claim a deduction for most costs you incur in running your business, for example staff wages, marketing, and business finance costs.
Remember – you can't claim private expenses and make sure you keep records to support your claims.
What business travel expenses can I claim?
If you or your employees travel for business, you can claim:
Can I deduct the cost of some assets straight away?
If you use the simplified depreciation rules, you claim a deduction:
What can I claim if I have a home-based business?
If you run your business at your home, or your business is based from home, you can claim the business portion of some expenses, including mortgage interest and electricity.
If you sell your home, you may have to pay capital gains tax (CGT) on the business portion and declare it in your tax return.
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Regardless of your business income, everyone needs to lodge a tax return.
More businesses can get an immediate deduction for business assets.
Find out what resources are available to support you.