Accountant / Bookkeeper

Maximize your own tax return as a finance professional.

Allowable Expenses

• Professional Bodies — CPA, CA, or IPA membership fees.
• Software — Xero, MYOB, or QuickBooks practice software.
• CPD & Training — Mandatory professional development courses.
• Insurance — Professional indemnity insurance for tax agents.

Tax Tips

• All your professional dues are fully deductible.
• Claim the cost of your office equipment and software.
• Practicing certificates and licenses are deductible.

Frequently Asked Questions

Are my CPA fees deductible?

Yes, professional body memberships are fully deductible.

Can I claim for Xero subscriptions?

Yes, software used for your practice is deductible.