Tax Deductions for Accountants
Some deductions that may be available to
accountants include:
-
Professional body memberships (e.g. CA, CPA,
NIA);
-
Course fees for Professional Training (such as
CA program) as well as professional development courses;
-
Annual subscription for Tax Agents Board;
-
Memberships to accounting technical journals
and publications such as the Taxpayer;
-
Professional Indemnity Insurance;
-
Travel costs to visit clients;
-
Phone calls to clients; and
-
Calculators and software (depreciable if over
$300).
Accountants may also be entitled to general tax
deductions that are not work specific, such as investment deductions or
car expenses deductions. |