Business Services Checklist

What expenses can home businesses claim?

As a home business owner, consider the following expenses as deductions…

Home Running Costs

• Electricity/Gas, Insurance, Rent
• Phone/Fax/Mobile/Internet
• Computer cost and expenses
• Foxtel, Newspaper and Magazine subs

Home Occupancy Costs — Where no intention to sell home in near future

• Interest, Rates, Body Corp

Capital Items

• Computer, fax, office equipment
• Furniture, desk, chairs, bookshelves, filing cabinets, lounge, table
• Television, AV Equipment, Fridge, AC, etc

Repairs and Maintenance

• Painting, cleaning, gardening of business areas
• Lights and Lighting, fans, etc
• Review bunnings receipts

Stationery Expenses

• Postage, printing, stationery
• Review Officeworks receipts

Petty Cash

• Milk, Tea, Coffee, Juice, Snacks for clients
• Review grocery receipts

Other expenses

• Motor Vehicle expenses and kms
• Travel for business
• Seminars, Training, Education
• Uniform and Laundry

Company/Trust Structures

• You are allowed sustenance meals etc for staff, inhouse dining/lunches etc
• Staff bar fridge and Friday drinks
• Consider Christmas parties / functions

Morris Accounting moves on from just looking after your tax and accounting, to ensure that you and the business are structured correctly to grow in wealth. By being pro-active with our clients, we are helping them increase their wealth right now.