When you are currently employed as a mine worker, there are a number of useful deductions that you can make each year on your tax return. This will save you money and is a relatively straightforward process. Many workers are not aware of the wide range of deductions that are available to them, so they are leaving substantial amounts of money on the table.
To make sure that you are making your deductions and tax return in the correct fashion, you should visit a company that is professional and has a good reputation such as the folks at taxreturn247.com.au. If will be well worth your time researching as it will save you considerable amounts of your hard earned money in the long run. Here are some of the most relevant tax deductions available to mining workers.
Travel and Meals
When you are working over time, the cost of your meals is covered as a deduction assuming that your employer has paid you an allowance for these meals. When you have to stay the night away from home, your meals and any related expenses are covered as a tax deduction. If you do not receive an allowance from your employer for these things, you should keep all of your receipts so you have the correct information to back up your claims come tax season.
Any transport fees such as parking fees, taxis, public transport and tolls are all covered as a tax deduction when you use these transport methods when going to meetings and training courses that are not located in the premises of your work place. You can claim a tax deduction for your own car if you use it to drive to and from work as well as around the mining site. You should keep track of the miles you have travelled on these journeys in order to allow you have a precise calculation come tax season.
Clothing for Work
Any uniforms that you may need to buy, as well as the cost of maintaining it through dry cleaning are covered as a tax deduction. All protective material and items are covered. These include sun protection when you are working in harsh conditions and all the relevant safety equipment.
General Work Related Expenses
There are a wide range of deductions available for different activities related with your work. The costs of any membership to unions or other organisations are covered. If you need to renew a license for a particular type of machinery or accreditation, it is covered. Any material that is related to you works, whether it is books and magazines will be covered.
Any phone calls that you make which is work related, whether they are landline or mobile phone calls, are tax deductible, provided you keep an accurate record of the dates and lengths of these calls. Even the cost of your internet connection is covered as long as you use it for work related projects and research.