TAX ESSENTIALS FOR LONG HAUL TRUCK DRIVERS (2015 EDITION)– PART TWO

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IN PART ONE...In Part One, we explained when you can make a claim, explored the aspects of good record keeping, and began a list of important tax deductions.In this article, we identity the remaining truck driver tax deductions so that you’re 100% informed and can get the best from your tax return.

Tax essentials for long haul truck drivers (2015 Edition) – Part Two

TRAININGWhether it be work-related training (e.g. first aid, OH&S, driver safety etc) or self-education courses that relate to your current work, there are many expenses that are tax deductible.• Course fees (not including HECS/HELP fees) • Books and stationery • Internet connection • Phone calls • Travel to and from the course

Tax essentials for long haul truck drivers (2015 Edition) – Part Two

ELECTRONICSElectronics are becoming an integral part of our lives. The caveat here is “work-related”. Here are a few examples of items that may be tax deductible, but remember to check with your accountant. • GPS inc map updates • Hands-free • Power boosters • Portable fridge • Mobile phone

Tax essentials for long haul truck drivers (2015 Edition) – Part Two

OFFICE SUPPLIESEvery little bit helps and that’s why you shouldn’t forget to claim for these office incidentals.• Calculator • Log books • Notebooks • Pens and pencils • Clipboard • Maps

Tax essentials for long haul truck drivers (2015 Edition) – Part Two

ADMINISTRATIVE FEESTruck drivers have all sorts of administrative and operational fees that can tally into the hundreds even thousands of dollars.• Annual membership fees & union fees • Licence fees/renewal (not including normal driver’s licence) • Work-related books, magazines and journals • Work-related mobile or home phone calls (journal must be

kept or at least one month) • Work-related internet connection fees

Tax essentials for long haul truck drivers (2015 Edition) – Part Two

MORE ADMINISTRATIVE FEES• Bank fees • Income protection or accident insurance • Accountant fees, plus travel (parking, km, meals and

accommodation if overnight)

Tax essentials for long haul truck drivers (2015 Edition) – Part Two

MISCELLANEOUS SUPPLIESThis is for all the little creature comforts that make life on the road endurable. Many are tax deductible. • Ice • Fly swatter/insect repellent • Alarm clock • Bedding • Cab curtains • First aid supplies

Tax essentials for long haul truck drivers (2015 Edition) – Part Two

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