Mastering Year-End Tax Deductions for Tradies
29 August 2026 · 6 min read · By Heaney Accounting
Preparing for the End of Financial Year
As the financial year draws to a close, tradies often scramble to gather receipts. Taking a proactive approach allows you to claim every dollar you are entitled to without the last-minute stress.
Key Deductible Business Expenses
- Uniforms with company logos
- Protective clothing and safety gear
- Hand tool purchases under $300
- Mobile phone plans used for business calls
Pro Tip: If you purchased tools or machinery over $300, these generally need to be depreciated over several years rather than claimed as a single deduction.
- Collate all digital and physical receipts into a single folder
- Reconcile your bank statements against your invoice software
- Ensure your vehicle logbook is updated and signed
- Review your asset register for any sold or damaged gear
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