Tax Tips Shared By Tax Agents for Fly-in Fly-Out Employees

i. Traveling

The travel expenses, which are incurred between their homes and departure spots appointed for fly-in fly-out arrangements cannot be claimed. On the other, the air ticket costs, for instance, incurred during the trip for working generally is counted as a deduction.

ii. Working At the Remote Areas

While working in the isolated and remote areas in Hobart, for a minimum of half the tax year, that is not necessary to do continuously, then they are qualified for the zone tax offset. They might be eligible for the zone tax offset, despite working less than half the present year but worked continuously in the last year.

iii. Working Overseas

When you are working in foreign countries for a particular time period, then your income will be subjected to Australian tax law. At the same time, the local tax laws should be considered, when both the employers and employees should seek advice and suggestions from the tax agent.

iv. Expenses for Self-Education

The fly-in fly-out employees can claim their self-education for University study or for courses or if they are taking courses for improving performance and working skills. If their employers do not reimburse their expenses, then they can claim the self-education expenses. At the same time, the pre-vocational course expenses are not included in the deductions. Even if they have to attend the workshops and seminars away from their working place, then the meals and accommodation and travel costs are likely to be deducted.

v.  Handset Rentals, Internet Fees, and Telephone Bills

For the work-related phone calls done with their own mobiles, then they can claim a portion of their phone bills as per the percentage used for working and private matters. The same applies for the line as well as the handset rental costs, even the internet fees they often use when they work at home sometimes to send emails or conduct online training. But they have to prove how the costs are split between private usage and works.

vi.  Necessary Tools and Equipment

Tools involved in works include a series of things like laptops, logbooks, diaries, and GPS, and more which the fly-in fly-out employees have to carry, and they might even claim for the books, journals, and magazines related to works. An immediate deduction is permitted for equipment with less than $300 cost price. If the cost is more than $300, then a decline in value later can be claimed.

vii. Clothes

Tax deductions do not apply for normal clothes such as shirts and jeans.  Only the cost of the clothes needed for wearing during the working time like the protective clothing for protection in the working environment and work time uniform are eligible for claiming as tax deductions. For the workers working outside, they might claim the deductions like sunglasses, sunscreens, and hats.

viii. Tickets and Licenses

The deductions on normal licenses cannot be claimed, but further tickets and renewal fees can be claimed if they are needed to be performed for the present role.

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Created on Feb 12th 2021 06:18. Viewed 312 times.

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