Tax Agent

Optimize your own tax position as a registered tax agent.

Allowable Expenses

• Registration Fees — Tax Practitioners Board (TPB) fees.
• Insurance — Professional indemnity insurance.
• Research Software — CCH, Wolters Kluwer, or similar tax databases.
• Professional Memberships — The Tax Institute or CA/CPA fees.

Tax Tips

• Claim for all your mandatory CPD hours.
• Office equipment and software are fully deductible.
• TPB registration is a vital deductible cost.
• Your CPD costs for maintaining TPB registration (45 hours per 3 years) are fully deductible self-education expenses — with no $250 reduction applying because they relate directly to maintaining your current professional registration.

Frequently Asked Questions

Is my TPB fee deductible?

Yes, registration fees are deductible.

Can I claim for tax law books?

Yes, professional reference materials are deductible.

Can I deduct subscriptions to CCH, Wolters Kluwer, or Thomson Reuters tax databases?

Yes. These are essential professional research tools for a registered tax agent. Annual subscription fees are fully deductible as a cost of carrying out your tax practice.

Is the cost of my own professional tax advice deductible?

Yes. Fees paid to another accountant or tax adviser for advice relating to your business tax affairs are deductible under section 8-1 of the ITAA 1997. Advice relating to a capital transaction or personal tax matter is treated separately.