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| ![]() Clear Tax Helps Australian Businesses Claim the Right ExpensesUnderstanding deductible business expenses can reduce tax stress and maximise savings.
The Three Rules of Deductible Expenses Business expenses can only be claimed if they follow three key rules:
Certain expenses are never deductible. These include entertainment for personal purposes, traffic fines, and costs related to non-assessable income. Real-Life Example Consider James, who runs a small landscaping business. He claims costs such as fertilisers, fuel for his work vehicle, and advertising for local clients. At the same time, he avoids claiming personal items like his weekend BBQ supplies, streaming subscriptions, or family outings. By keeping business and personal expenses separate, James lodges his tax return confidently. Accurate records reduce the risk of mistakes and potential ATO queries. Why Professional Support Matters "Many business owners struggle with apportioning expenses correctly. Mistakes can cost time, money, and create unnecessary stress," says Ash Jindal, Director and Co-Founder of Clear Tax Accountants. "We work with our clients to make sure they claim what they can and avoid errors that could lead to issues with the ATO." Registered tax agents can review records, clarify what is deductible, and provide guidance on documentation. Clear Tax Accountants helps businesses get their claims right and reduces the risk of missed deductions. Staying Organised Maintaining accurate records throughout the year is essential. Keep invoices, receipts, and statements organised. Regularly separate business and personal costs. This makes tax time easier and ensures compliance with ATO rules. Looking Ahead With proper guidance, claiming business expenses becomes straightforward. https://cleartax.com.au supports Australian business owners in preparing accurate tax returns. By understanding what is deductible and keeping records, businesses can reduce stress, save money, and focus on growth. End
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