If you’re thinking about taking on some extra training to advance in your career, enrol now and take advantage of your potential tax deductions. End of financial year is fast approaching, with June 30 the cut off date for your work-related expenses to count towards your deductions for the 2016/17 tax year.
The Australian Tax Office (ATO) explains that there is a range of self-education expenses you can claim if you fit in to one of these categories:
- Your course is related to your current employment
- Your course is likely to result in an increase in your income from your current employment
Study expenses to claim
Enrol into the course you’ve had your eye on and you could claim a bunch of related expenses and increase your tax return this end of financial year.
Your study-related expenses could include:
- Course fees
- Internet usage (excluding connection fees)
- Computer consumables
- Stationery (pens, notebooks, highlighter, yearly planner)
- Trade, professional or academic journals
The right course to further your career
Whether you’ve been working towards moving up in your career or just want to hone your skills, a Selmar course is just what you need. And what better time than tax time, so you can maximise your upcoming tax return! To check out our high quality child care courses, click here.
Our business courses cover a variety of areas of business, including administration, management, and customer engagement. View them here.
Check out all our courses by clicking below
Your payment is tax deductible if you pay your full fee before 30 June 2017. Course fee payments made after the 2016-17 tax year will be tax deductible at the end of 30 June 2018.
If you’re not 100% sure what the best course is to advance your career, give the Selmar team a call or email before the end of 2016-17 tax year. Our course advisors are full of valuable information to help you take your career to the next level.
One last thing – keep in mind, the information provided here is general information only and does not constitute professional advice. Get in touch with the ATO or a taxation professional to find how this information applies to your own unique circumstances.
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