Tax Tips for Finance Workers
Tax Tips for Finance Workers – Claim Deductions and Maximise Your Refund
Finance workers can claim tax deductions for memberships, software, home office costs, training, and more. GoTax keeps your tax return easy, accurate, and refund-ready.
What Finance Workers Can Claim on Their Tax Return
Whether you’re managing budgets, crunching numbers, or balancing someone else’s books, your own finances deserve a little love.
From memberships to software, training, and even that second laptop monitor — you’ve got plenty of legitimate tax deductions up your sleeve.
GoTax helps you claim what’s yours, skip what’s not, and finalise your tax return fast without the jargon.
Common Tax Deductions for Finance Workers
| Expense Type | Examples You Can Claim |
|---|---|
| Professional Memberships | CPA, CA ANZ, IPA, or other finance associations |
| Training & Education | Accounting, compliance, or finance courses |
| Computers & Equipment | Laptops, dual monitors, printers, calculators |
| Software & Subscriptions | MYOB, Xero, Excel add-ons, professional journals |
| Phone & Internet | Work calls, emails, research, client communication |
| Home Office Costs | Internet, electricity, desks, chairs, stationery |
| Travel & Transport | Trips between offices, clients, or training venues |
| Stationery & Supplies | Office materials, diaries, and notebooks |
| Insurance | Income protection insurance |
| Donations | Gifts to registered charities (DGRs only) |
Accountants vs Finance Workers – What’s Different?
| Category | Finance Workers | Accountants & Auditors |
|---|---|---|
| Training | Business and compliance training – deductible | CPA, tax law, and audit upskilling – deductible |
| Memberships | Industry-specific memberships – deductible | Professional accreditation fees – deductible |
| Software | Finance and reporting tools – deductible | Accounting software, audit systems – deductible |
| Travel | Client and site visits – deductible | Same, but often with audit fieldwork travel |
FAQs for Finance Workers
Can finance workers claim professional memberships?
Yes. Fees for CPA, CA ANZ, IPA, or other industry bodies are deductible.
Can finance workers claim training?
Yes. Courses that enhance your current finance skills are deductible.
Can finance workers claim laptops or monitors?
Yes. Devices used for finance work or analysis are deductible. Over $300 must be depreciated.
Can finance workers claim software and subscriptions?
Yes. MYOB, Excel, and financial analysis tools are deductible if used for work.
Can finance workers claim home office costs?
Yes. Internet, electricity, and work-from-home setups are deductible.
Can finance workers claim phone and internet?
Yes. The work-related portion of calls and data usage is deductible.
Can finance workers claim travel?
Yes. Travel between offices, client meetings, or training venues is deductible.
Can finance workers claim donations?
Yes. Donations to registered charities are deductible.
Can finance workers claim insurance?
Yes. Income protection insurance premiums are deductible.
Finance Worker Tax Checklist
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ABN Registered (if contracting)
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All Income Declared
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Business Expenses Claimed
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Home Office Costs Sorted
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Super Contributions Considered
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GST Registered (if earning $75,000+)
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eCashbooks in Use
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Bank Account Separated
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Receipts Saved Digitally or on Paper
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Records Kept for 5 Years
You balance everyone else’s books — let GoTax balance your refund. We make claiming tax deductions for finance workers simple, accurate, and fast.
Start your online return now at www.gotax.com.au — Australia’s smartest way to finalise your tax return.
