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What deductions can I claim as an independent contractor?

Posted 23 June 2015 under Tax Questions



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Marlan says:
20 May 2015 at 11:33

I have a permanent salaried job and I do work for others as an independent contractor as well. What deductions can I claim as an independent contractor? Can I claim more deductions than I receive as revenue as an independent contractor (effectively losses).

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TaxTimTaxTim says:
21 May 2015 at 12:05

You are able to claim all the expenses related to earning additional income. Whereas a salaried employee is very limited and cannot claim the costs associated with working.


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