Act now, to make the most of available government incentives and ensure you’ve made any business purchases that you’ve been thinking about, before 30 June 2022.

1.   COVID-related Tax deductions

Most of us have experienced changes to our work environment due to COVID. This means the deductions you can claim may change as well. For example, you may be able to claim a deduction for the cost of buying a face mask to wear at work if:

  • your employment duties require you and other employees to be at your place of work
  • a face mask is not provided to you by your employer, and
  • you need to wear a mask (this is likely to be the case where your duties bring you in close contact with other people, including clients, customers, or work colleagues)

To claim personal protective equipment, such as gloves, sanitiser or anti-bacterial spray, your work duties must either:

  • bring you in close contact with clients or customers
  • involve you cleaning a premise

2.   First aid kits

Yes, First Aid Kits are usually Tax deductible. The first thing to consider is what qualifies for a tax deduction. The majority of deductions you can claim on your tax are for things directly related to your employment – often expenses that you incur as part of doing your job, which your employer expects you to pay for.

3.   First Aid training

There are many situations where claiming first aid training as a tax deduction is an absolute no brainer. There are also times when it’s a bit borderline – and you need to do a little homework. So what are some of the possible situations?

This is probably the biggest no-brainer – if you’re working in a situation where first aid certification is a condition of your employment but not actually provided by your employer, then it’s almost certainly tax-deductible. This applies both to jobs of a specific medical nature (such as nursing) and non-medical roles that still require first aid certification. 

For example, although childcare workers in a family daycare role aren’t explicitly medical personnel, they are still required to all be certified in first aid, anaphylaxis and asthma management. Thus, completing a HLTAID012 Provide First Aid in an education and care setting course can definitely be claimed as a tax deduction as it’s a requirement of their work.

Instant Asset Write Off

Automated External Defibrillator (AED)

As an employer, you must, so far as is reasonably practicable, provide and maintain a working environment that is safe and without risks to health. This includes providing adequate facilities for the welfare of employees at workplaces under their control.

WorkSafe is urging employers to consider installing a life-saving defibrillator at their workplace

You should consider whether it is reasonably practicable to have an AED on site to manage the risk of death from cardiac arrest in the workplace.

Consider installing an AED in addition to existing first aid procedures, such as having a trained first aider and first aid kits at the workplace.

AEDs should be installed in well-known, visible and accessible locations. They should not be locked.

The end of financial year is fast approaching. Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use.

Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use.

With people spending one-third of their lifetime at work, there is a strong chance of a cardiac arrest occurring at the workplace. Important to have up to date well stocked first aid kits and AEDs.

For more information about the instant asset write off please speak to your accountant or visit the ATO website – https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/

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