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Can I claim a deduction for the cost of using Airtax?

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Thomas Broomfield
  • Updated

Suitable for: Anyone who is looking to claim deductions

Tax Difficulty: Beginner

Airtax Experience: First time users

Time to read: 3-5 minutes

 

Deducting Airtax's costs from your return

Yes. You are entitled to claim a deduction for expenses related to managing your own tax affairs.

For example, these deductions will relate to expenses incurred in relation to:

(a) preparing and lodging your business activity statements and income tax returns;

(b) travel to attend a meeting with a registered tax adviser;

(c) interest charges imposed by the ATO.

You can also claim deductions for the cost of using a registered tax agent to lodge your income tax return. Therefore, you will be able to claim a deduction in your next tax return for the cost of using Airtax to prepare your tax return this year.

 

Where you can get more help:

  • Feel free to search for other topics in the Help Centre
  • If interested, consider using our Business Assist service to discuss with a qualified PwC Tax Specialist about your BAS (recommended for first time users)

  • If you want to speak to someone about your current Airtax income tax return, book in a Tax Assist call or Tax Professional call with a PwC tax specialist.

This document merely provides a broad outline of the subject and is necessarily general in nature.  If you require specific advice, which is tailored to your specific circumstances, please do not hesitate to contact us (fees would apply).

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