What you can claim on personal taxation in Geelong and why expert help matters

When it comes to managing your personal taxation in Geelong, understanding what you can claim makes a big difference, not just in terms of your refund, but also in meeting your legal obligations with confidence. From work-related deductions to investment expenses, many taxpayers miss out on legitimate claims simply because they don’t have the latest knowledge of ATO rules. That’s where professional support becomes a key advantage.

What deductions can you claim on your personal tax return?

In Australia, the ATO allows you to claim deductions for expenses that are directly related to earning your income. While everyone’s situation is unique, here are the major categories that commonly apply:

Work-related expenses

If you incur costs to perform your job, they may be deductible. These include:

• Uniforms and protective clothing
• Tools and equipment, including depreciation for items over $300
• Union fees and professional memberships
• Work-related training or certifications
• Travel between job sites (but not your regular commute)

To be eligible, the expense must be directly related to your income, and you need a record to back up your claim.

Home office deductions

As flexible and hybrid work arrangements continue in Geelong, more individuals are entitled to claim home office costs such as:

• Electricity and gas
• Phone and internet
• Office furniture depreciation
• Cleaning costs for your workspace

There are several methods for calculating home office expenses, including the ATO’s fixed rate and actual cost methods. A tax agent can help you decide which approach provides the best result.

Self-education and upskilling

If the study you’re undertaking relates directly to your current job, it may be deductible. This can include:

• Course fees (not HECS-HELP loans)
• Textbooks and materials
• Internet and stationery
• Travel to and from the course

This is especially useful for professionals or tradespeople in Geelong looking to enhance their credentials.

Vehicle and travel expenses

If you use your own car for work-related travel (not including home-to-work), you may be able to claim:

• Fuel and maintenance
• Car insurance
• Registration
• Depreciation

You’ll need to keep a logbook or use the cents-per-kilometre method to calculate your claim.

Investment-related deductions

If you have investment income, such as from shares or rental properties, you may be able to claim:

• Interest on loans used to acquire the investment
• Property management fees
• Depreciation on assets in investment properties
• Accounting and financial advice fees

Donations to registered charities

If you’ve donated $2 or more to an organisation with deductible gift recipient (DGR) status, you can claim this deduction—provided you keep the receipt.

Tax agent and financial advice fees

Any fees paid to a registered tax agent or for managing your tax affairs are fully deductible. This includes fees for preparing or lodging your return, as well as advice received during the financial year.

Why using a taxation professional in Geelong is worth it

With tax laws and deductions constantly evolving, even the most financially savvy individuals can benefit from professional guidance. Here’s why locals across Geelong trust CD&G Accountants for their taxation needs:

You won’t miss out on hidden deductions
A tax professional knows what to look for, especially industry-specific deductions that aren’t obvious to most individuals. Whether you’re a tradie, nurse, teacher, or office worker, a professional will know what applies to you.

It saves time and stress
Preparing your own return can be tedious and time-consuming. With a professional handling it, you free yourself from paperwork, calculations, and second-guessing.

Accurate lodgement and peace of mind
Errors in your tax return can trigger audits, delays, or even penalties. A registered tax agent ensures your return is accurate, compliant, and lodged on time.

They stay updated on tax legislation
At CD&G, our accountants undergo regular training and stay across updates from the ATO, so we can apply new deductions, offsets, and legislative changes to benefit your individual situation.

Personalised advice that grows with you
From first-time taxpayers to experienced property investors, we tailor our service to support your financial goals, both now and into the future.

Work with CD&G Accountants, your Geelong tax expert

If you want to get the most out of your personal taxation in Geelong, there’s no substitute for expert advice. At CD&G Accountants, we combine up-to-date technical expertise with local knowledge to deliver real value at tax time.

Whether you’re looking to maximise deductions, avoid mistakes, or get strategic advice, our friendly team is here to help. Contact us to book your personal tax consultation today.