“She’s not alone. As end of financial year looms, Australian small business owners are searching for legitimate and interesting tax deductions to improve their business. Particularly in light of the government’s $20,000 instant tax write-off.
Tax adviser Tania Tonkin agrees that the $20,000 tax break is bringing forward spending decisions. “The important thing is you must be able to prove the item is work-related and be prepared to show evidence if needed. The ATO isn’t giving small business owners a free $20,000 gift,” Tonkin, of dmca advisory says.
Here are some of the other surprising things you may be able to claim on your tax, if you’re able to justify its use in your business.”
Read what other deductions you may be able to claim here.