Deductions List

While you should think about tax deductions in the context of any expense relating to an income producing activity, the following will give you some idea of the sorts of things that may be relevant:

A.

  • Accounting
  • Administration Fees
  • Advertising
  • Auspice fees
  • Agents Fees
  • Art Supplies
  • Auditing (of grants etc)

B.

  • Backline expenses
  • Bank / Credit card charges
  • Borrowing costs
  • Bookkeeping
  • Business cards

C.

  • CD’s
  • Cleaning
  • Commissions paid
  • Consultancy fees
  • Contractors
  • Choreography
  • Costumes
  • Couriers
  • Clay, glazes etc
  • Computer expenses
  • Consumables
  • Composer’s fees
  • Copyright fees
  • Catering
  • Conferences

D.

  • Depreciation anything used in
  • your work eg computers, motor vehicles
  • furniture. kiln, production equipment
  • Donations
  • Designers Fees
  • Documentation
  • Dance lessons
  • Dubs
  • Drum Kit up keep
  • DVD’s

E.

  • Editing Costs, Video, Film and Book
  • Electricity
  • Exhibition Costs
  • Email. Internet and Website

F.

  • Fees and Permits
  • Filing Fees
  • Film and Tape
  • Firing costs
  • Foundry costs
  • Front of House costs
  • Flyers and Posters
  • Framing Costs
  • Freight charges
  • Fringe Benefits Tax
  • Freelance, dancers. Technicians, artists
  • Film Crew

G.

  • Gifts and Gratuities
  • Guitar Ceilo Double Bass etc, strings
  • GST if not GST Registered
H.

  • Hire of trucks, trailer
  • Hire of equipment, instruments etc
  • Hire of services
  • Hire of facilities
  • Hire of DVD’s
  • Hire Purchase Charges
  • Home Office costs
  • Hardware and Materials
  • Head sheets and composites

I.

  • Insurance of equipment etc
  • Insurance, Public liability
  • Insurance, accident and sickness
  • Interest on business loans

J.

  • Journals. Books. Videos and other reference material

K.

  • Kiln maintenance

L.

  • Laundry and dry cleaning
  • Leasing charges (of a rental nature)
  • Legals, to do with income and expenses
  • Location fees
  • Library fees

M.

  • Management fees
  • Motor Vehicle Expenses, cents / km
  • Motor Vehicle Expenses, Fuel, Rego and Insurance, maintenance,
  • subs, loan interest, depreciation
  • Music (CD’s. Cassettes. Sheet)
  • Manuscript appraisal
  • Membership fees

N.

  • Newspapers

O.

  • Outlays on behalf of a client
  • Office expenses

P.

  • Packing materials
  • Patent fees
  • Pest control
  • Postage
  • Printing and stationery
  • Protective clothing
  • Purchase of assets
  • Production costs – Films, Music. Performance etc
  • Piano turning
  • Pointe shoes
  • Publicity and Promotion
  • Photography
  • Photocopying
  • Per Diems to Employees
  • Professional development
  • Parking
Q.

  • QMusic Subscription (Musicians)

R.

  • Reeds etc
  • Rates
  • Repetiteur fees
  • Royalties
  • Repairs and maintenance
  • Recorded music
  • Registration fee
  • Rent rehearsal, studio space, home office, venues etc
  • Research expense
  • Recording costs
  • Road crew
  • Replacements, minor assets


S.

  • Set design and construction
  • Security
  • Sign writing
  • Session musicians
  • Stage crew
  • Sponsorship
  • Stall fees markets
  • Self-education
  • Storage costs
  • Seminars
  • Subscriptions
  • Superannuation, employees
  • Superannuation, self (conditions apply)
  • Staff amenities


T.

  • Trade shows
  • Tax agent fees
  • Toll fees
  • Taxis, tickets, performance, films etc
  • Telephone
  • Tools replaced
  • Travelling expenses. away from home

U.

  • Union Dues
  • Uniforms (only if ATO recognised)

V.

  • Venue Hire
  • Voice coaching
  • Videos

W.

  • Wages, to employees
  • Waste disposal
  • Workshops
  • Workcover insurance, for employees
  • Writers fees

X.

  • Xcess Baggage fees (OK, so it should be “E”)

Y.

  • Yodelling lessons

Z.

  • ZZZ Membership (Musicians)
Travel Deductions – Travel from home to work may be deductible if you travel from one place of business or employment to another place at which you conduct income-producing activities. Interest on loans taken out to purchase a business will continue to be deductible even after the business has ceased to operate. The interest may not be deducted if the loan was part of a rollover facility however.