Student Tax Returns at only $55*
$55 per Student Tax Return*
To be eligible, you must be:
- A full-time student under 21
- Working part-time earning less than $20,000 a year.
* If you discover an SDP Tax error on your return that entitles you to a larger refund (or smaller tax liability), we’ll refund the tax preparation fee for that return and file an amendment with the ATO, at no additional charge, for up to 12 months after the original notice of assessment.
How do we maximise your Tax Refund? By maximising your deductions.
Working from home due to COVID-19
As the COVID-19 pandemic hit the world stage and changed the way we live and work, many Australians have been and are still working from home. The Government is aware that employees are faced with increased expenses when working from home. In response, the Australian Taxation Office (ATO) has detailed new guidance on what expenses can be claimed. As we see restrictions soon lifting, we remind our clients of the record-keeping requirements while the details are fresh on hand.
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Motor vehicle & travel expenses
You can claim vehicle and other travel expenses you incur when you travel in the course of performing your work duties. However, you generally can’t claim for normal trips between home and work as this is considered private travel.
You need to keep records of your travel expenses.
Deductions you may be able to claim for vehicle and other travel expenses include:
- Travel between home and work and between workplaces
- Car expenses
- Removal or relocation
- Other travel expenses
- Accommodation allowances and expenses when travelling away from home for work
- Award transport expenses
Clothing, laundry and dry-cleaning expenses
You can claim a deduction for the cost of buying and cleaning occupation-specific clothing, protective clothing and unique, distinctive uniforms.
To claim a deduction you may need to have written evidence that you purchased the clothing and diary records or written evidence of your cleaning costs. Written evidence must be kept for a representative period of at least one month if both of the following apply:
- the amount you claim is greater than $150
- your total claim for work-related expenses exceeds $300.
You may receive an allowance from your employer for clothing, uniforms, laundry or dry-cleaning. If you do, make sure you show the amount of the allowance on your tax return as it is assessable income. You can only claim a deduction for the amount you actually spent.
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You may be able to claim a deduction for self-education expenses if your self-education relates to your current work activities as an employee or if you receive a taxable bonded scholarship. In some circumstances, you have to reduce the amount of your claim by $250.
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Tools, equipment and other assets
If you buy tools, equipment or other assets to help earn your income, you can claim a deduction for some or all of the cost.
If you use the tools for both work and private purposes you will need to apportion the amount you claim. If you have a computer that you use for private purposes for half of the time you can only deduct 50% of the cost.
The type of deduction you claim depends on the cost of the asset:
- for items that aren’t part of a set and cost $300 or less, or form part of a set that together cost $300 or less, you can claim an immediate deduction for their cost
- for items that cost more than $300, or that form part of a set that together cost more than $300, you can claim a deduction for their decline in value.
Other work-related deductions
Generally, if you need to spend money as part of your income producing activities, you can claim a deduction for the expense. Depending on the deduction this can be an immediate deduction or over time.
To claim a deduction for a work-related expense:
you must have spent the money yourself and weren’t reimbursed
it must be directly related to earning your income
you must have a record to prove it (usually a receipt).
Expenses that relate to you earning an income can include:
- Books, periodicals and digital information
- Cash shortages or client bad debts
- Claiming mobile phone, internet and home phone expenses
- Election expenses
- Glasses, contact lenses and protective glasses
- Income protection insurance
- Overtime meals
- Project pool deductions
- Seminars, conferences and education workshops
- Union fees, subscriptions to associations and bargaining agents fees
- Working with children checks