WHAT CAN YOU CLAIM THIS TAX YEAR ?
You ’ ll be able to claim some things you may not expect this end of financial year – and unable to claim others you thought you could . Small business tax specialist Mark Chapman gives us the lowdown for the fitness industry .
W ith the end of the financial year
rapidly approaching , it won ’ t be long before its time to lodge your income tax return for 2017 / 18 . To get the best possible tax outcome , it ’ s essential that you understand what you can – and what you can ’ t – claim against your taxes , so here ’ s a checklist of the deductions all workers in the fitness industry should be considering claiming this tax year .
Remember this list isn ’ t exhaustive and not all the deductions will apply to everyone . Similarly , you may be entitled to some deductions that aren ’ t listed here . Make sure you get professional help from a tax agent like H & R Block to ensure that you ’ re getting your return right !
34 | NETWORK WINTER 2018