Can I claim fees for accountants and lawyers in Australia?

Yes, fees paid to professional advisors for business-related matters are deductible. This includes: - **Accountants:** Fees for preparing your tax return, BAS, bookkeeping, and tax advice. - **Lawyers:** Fees for drafting business contracts, terms and conditions, or providing advice on business disputes. - **Tax Agents:** The cost of managing your tax affairs. **Timing:** You can claim the deduction for a tax agent's fee in the year you *pay* it. For example, if you pay your accountant in August 2024 for preparing your 2023-24 return, you claim that deduction in your 2024-25 return.

• Business-related legal and accounting fees are deductible
• Cost of managing tax affairs is specifically deductible
• Claim in the financial year the fee is paid
• Personal legal matters (e.g. a will) are NOT deductible
• Keep all professional service invoices