‘The Killers’ summed it up pretty well — ‘The world that tradies live in’ requires them to keep receipts and not just bank statements.
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Tax tips for tradies ahead of Financial New Year
If you earn less than $45,400 a year and make an after-tax contribution to your super in 2024-25, the government may add up to $500 extra to your super. This is called the government’s super co-contribution.
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Tax for Tradies: Documentation for tax expenses
Glove boxes and shoeboxes just don’t cut it for keeping receipts for your vehicle, tools etc. Tradies must keep records of all receipts to claim tax deductions.
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