Tax Deductions for Builders
Some deductions that may be available to builders include:
Travel between building sites;
Technical journals and books;
Memberships to unions and professional associations;
Outdoor protection items such as sunglasses and sunscreen if working outdoors;
Protective clothing such as steel capped boots;
Tools and equipment as well as any costs incurred to insure them;
Professional indemnity insurance.
Builders may also be entitled to general tax deductions that are not work specific, such as investment deductions or deductions for car expenses.
Tax Focus is a Registered Tax Agent and Certified Public Chartered Accountant. With over 20 years of combined tax experience our tax agents are ensuring that you get the biggest tax refund possible.
With offices located in Bondi Junction and Sydney CBD, we are conveniently positioned to provide tax accounting services to Sydney’s Eastern Suburbs, Sydney CBD and surrounding suburbs.
Contact us to see how we can help.