{"id":43951,"date":"2022-07-18T13:22:52","date_gmt":"2022-07-18T03:22:52","guid":{"rendered":"https:\/\/cms.star1045.com.au\/?p=43951"},"modified":"2022-07-18T13:22:55","modified_gmt":"2022-07-18T03:22:55","slug":"beat-the-tax-time-crunch-with-these-hidden-claimable-expenses","status":"publish","type":"post","link":"https:\/\/cms.star1045.com.au\/home\/beat-the-tax-time-crunch-with-these-hidden-claimable-expenses\/","title":{"rendered":"Beat The Tax Time Crunch With These Hidden (Claimable) Expenses"},"content":{"rendered":"\n

Did you know about these?<\/strong><\/p>\n\n\n\n

It\u2019s July, which can only mean one thing. The brand new financial year is officially  upon us.<\/p>\n\n\n\n

It\u2019s time to ring the accountant, break out the binder and sort out what\u2019s deductible and what\u2019s not.<\/p>\n\n\n\n

We know, we know. The idea of doing your taxes<\/a> isn\u2019t exactly the most fun idea in the world, but you know what is fun? Planning on how you\u2019re going to spend your refund.<\/p>\n\n\n\n

So, that\u2019s why we\u2019ve partnered up with the team over at Select Accounting<\/a> to find those hidden expenses that could earn you extra cash in your pocket. <\/p>\n\n\n\n


Dogs: <\/strong><\/h2>\n\n\n\n
\"Okay,
That adorable face could be a hidden expense you can claim on tax (Image: unSplash)<\/figcaption><\/figure>\n\n\n\n

Okay, stick with us here for a hot minute because we know what you\u2019re thinking\u2026 \u201cHow can I claim little Fido on tax?\u201d But yes, you can indeed in the right circumstances you can claim a dog on tax.

If you\u2019re a builder and use your pet to guard tools, or a farmer using a dog<\/a> to protect your flock of sheep, then you can claim the associated expenses with a pooch. We\u2019re talking purchase costs, maintenance, vet bills and food bills. Now, obviously, this doesn\u2019t apply to the average family dog but it\u2019s a good hidden deduction to know about in the right field. <\/p>\n\n\n\n


Handbags: <\/strong><\/h2>\n\n\n\n

Ladies, listen up. You could be able to claim that super cute handbag that everyone in the office always comments on under the right circumstances. If you can demonstrate that you use it for work purposes to the ATO, then it is considered a deductible by the ATO.  Do you carry your laptop, phone, stationery and any other work-related items in your bag? If the answer is yes, then that is considered a work purpose. You\u2019ll also need to demonstrate the difference between work and private use. Oh, and if you have expensive taste, then hang on to the receipt because anything above $300 could be scrutinised by the ATO.  <\/p>\n\n\n\n


Sun Protection: <\/strong><\/h2>\n\n\n\n

We haven\u2019t really needed sun protection lately around the Central Coast but if your job normally requires you to be outside in the sun, then you can claim your sunglasses back on tax.

You have to be outside in the sun for a prolonged period of time but there is no limit on how much you can spend on sunglasses. However, keep in mind that if they\u2019re a snazzy pair of $300 sunglasses, you\u2019ll have to prove that they\u2019ve been purchased in the past twelve months and dig out the receipt!<\/p>\n\n\n\n


Streaming Subscriptions: <\/strong><\/h2>\n\n\n\n
\"If
Streaming services such as Netflix can be a deductible on your tax return in certain circumstances (Image: unSplash)<\/figcaption><\/figure>\n\n\n\n

If you\u2019re somehow lucky enough to score a job that involves binge-watching the latest season of Bridgerton<\/em><\/a> <\/em>or listening to Harry Styles\u2019 latest album on repeat, you\u2019re in luck! Under this hidden expense, you\u2019re entitled to claim a portion of your monthly subscription fees. You have to keep a log book of your use and calculate the percentage of the yearly costs. This kind of claim is usually reserved for those in the media who write about shows or music, so sneakily streaming the Stranger Things<\/em><\/a> <\/em>finale in your office cubicle probably doesn\u2019t count.<\/p>\n\n\n\n


Home Office Expenses: <\/strong><\/h2>\n\n\n\n

Most of us have spent the past two years working from home with a couple of lockdowns happening in the 2021\/22 Financial Year, so when you\u2019re doing your tax return, be sure to claim home office expenses. You may be able to claim an \u201coccupancy cost\u201d, which covers things like using your personal computer, furniture, heating, lighting and even in the right circumstances, a percentage of your mortgage or rent.<\/p>\n\n\n\n

(Pssst. We\u2019re obviously not financial experts so make sure you talk to the team at Select Accounting before going and making these claims. Oh, and make sure you have all the right receipts!)<\/p>\n\n\n\n

This article has been sponsored by <\/em>Select Accounting<\/em><\/a>.<\/em><\/p>\n\n\n\n

Listen via the Star 104.5 Player, download it now via the <\/em>App Store<\/em><\/a> or <\/em>Google Play<\/em><\/a> and take Star 104.5 wherever you go.<\/em><\/p>\n\n\n\n

Images: Pexels \/ unSplash <\/em><\/p>\n\n\n\n

By Bek Lougher<\/em><\/p>\n\n\n\n

SEE MORE: <\/strong>Here Are All The Local Locations Featured In The Toni Collette Drama Filmed On The Central Coast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Did you know about these? It\u2019s July, which can only mean one thing. The brand new financial year is officially  upon us. It\u2019s time to ring the accountant, break out the binder and sort out what\u2019s deductible and what\u2019s not. We know, we know. The idea of doing your taxes isn\u2019t exactly the most fun […]<\/p>\n","protected":false},"author":9,"featured_media":43962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,13],"tags":[1381],"geo_market":[],"class_list":["post-43951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-lifestyle","tag-best-of-the-web"],"acf":[],"yoast_head":"\nBeat The Tax Time Crunch With These Hidden (Claimable) Expenses<\/title>\n<meta name=\"description\" content=\"We\u2019ve partnered up with the team over at Select Accounting for tax to find those hidden expenses that could earn you extra cash in your pocket.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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