According to The Australian Taxation Office (ATO), there are several tax deductions beauty salon workers may be eligible for. Below is the ATO's guide to the tax deductions beauty therapists and salon owners may be able to claim on: As an employee For more information view Deductions for work expenses | Australian Taxation Office (ato.gov.au) Key message: To claim a deduction for a work-related expense you must meet the 3 golden rules:1. You must have spent the money and you weren't reimbursed.2. The expense must directly relate to earning your income.3. You must have a record to prove it (usually a receipt). DeductionDetailsClothing and uniform expenses (example available in the link)With a few exceptions, clothing can't be deducted as a work-related expense. You can't claim conventional clothing (including footwear) as a work-related expense, even if your employer requires you to wear it and you only wear these items of clothing at work. You can’t claim a deduction for clothes unless they’re: protective, occupation specific a...
Events
The winners of the 2024 Australian Beauty & Cosmetic Tattoo Awards (ABACTA) were announced online over the weekend. The aw...
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Education
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The below is an excerpt of a Spot Diagnosis podcast episode produced by The Skin Health Institute titled ‘Skincare Gone Crazyâ€...
Profile
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Innovation
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