Guide to Sole Trader Tax Deductions in Australia
Guide to Sole Trader Tax Deductions in Australia
Feb 13, 2025
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You can claim some of your expenses as deductions in your tax return. This reduces your taxable income. It works like this: your assessable income (money you earn from work or investments) minus your allowable deductions (such as costs you incur to earn your income) equals your taxable income (the amount you actually pay tax on) | Australian Taxation Office
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