Tax Deductions for Lawyers
Some deductions that may be available to lawyers include:
Travel expenses incurred in visiting clients;
Library fees;
Law Society and Bar membership fees;
Professional development courses;
Professional library;
Magazines, journals and periodicals;
Professional indemnity insurance;
Computer equipment and software as well as insurance to protect them.
Lawyers 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.