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2021 Tax Saving Tips for Beauticians

We have listed down some example expenses that you may have incurred in your occupation for the year. Do note that these have to be incurred within the respective financial year and not the calendar year! Refer to the list below for deductions that you might be eligible for as a beautician:

Work-related clothing expenses
Examples include uniforms with a logo, non-slip shoes, beautician coat, aprons etc.

Clothing/Laundry expenses
Expenses include work uniform you had to pay for, non-slip shoes, and even home washing up to $150 without receipts.

Work-related travel
Industry shows, related conferences, and accommodation costs incurred can also be claimed. Claiming meals is also possible, but not 100% of the time.

Education Expenses
Even if you are not an apprentice, you are still entitled to claim any self-education expenses incurred for your job, i.e. Courses that help to improve or maintain your skills.

Work-Related Tools/Equipment
The tools that you use for your job can be quite costly, so include them as deductions if you paid for these with your own money. Equipment such as scissors, combs or even a pair of tweezers can be deductible if you use them in your job, so remember to keep the receipts!

Makeup
Make-up that you personally purchase to use for your clients can be claimed as a tax deduction. Unfortunately, purchasing make-up for personal use cannot be claimed.

Insurance expenses
Insurance paid for your occupation such as public liability is tax-deductible.

Donations
Any donations made to eligible charities of more than $2 are deductible, so keep the receipt if you do donate to such organizations.

Motor Vehicle fees

Work travel is deductible, i.e. if you drive to your clients as part of your job, or are required to pick up work specific products and tools. However, if you use your car for both work and personal usage, you need to calculate how much of your usage is for work purposes, either through a logbook or the cents per kilometre method.

Union fees
Any union fees that you pay for are deductible. Most unions and associations send members statements of the fees or subscriptions paid.

Accounting fees
Getting an accountant to do your taxes is deductible. So, rather than doing it on your own and get in contact with us!

If you are a Sole Trader:
Work-related Equipment/Tools Changes to the instant asset write-off means you can claim the full amount for any single asset you purchased prior to 12 March 2020 up to $30,000 and $150,000 till 30 June 2021.

Bank fees
Any fees that you have incurred for operating a bank account related to the business are tax-deductible.

Insurance expenses
Any insurance expenses that you have incurred for your business such as public liability insurance are tax-deductible. Income protection insurance is also tax-deductible.

Advertising
Any advertising expenses that you have incurred for your business are tax-deductible.

Consulting with KPG Taxation

Focus On Growing Your Business, Leave The Accounting On Us!

  • Income Tax : File your taxes & get the best claims & returns.
  • Accountancy : Hire expert accountants to manage your transactions.
  • Bookkeeping : Let us handle your record books and expense reports.
  • Business Advisory : From company set-up to payroll, we handle it all.