Tax deductions for Personal Trainers, Coaches etc..
If you are employed in a gym or sporting organisation, some of the deductible expenses you may be able to claim on your tax return are:
Meals & Travel
The cost of the following: Meals when you work overtime, provided you have been paid an overtime allowance by your employer
Parking, tolls, taxis & public transport when travelling to attend seminars, conferences, meetings, competitions and training courses (if you need to stay away overnight you can also claim for the cost of all meals and your accommodation)
Using your own car for work, including travel to collect materials and supplies, travel between two or more places of work, attend seminars, meetings, conferences or training courses and work related competitions. It is best to keep diary records of the number of kilometres travelled during the year for these purposes.
The cost of the following: Compulsory uniforms, including shirts, pants, shirts, jackets, jumpers, (the logo must be on the uniform to ensure it is tax deductible). Note general exercise clothing is not deductible (including track suits, running shoes, t-shirts) unless the employer’s logo is on it
Laundry, dry cleaning of your uniforms
Sun protection items if required to work and conduct training outside (including sunscreen, sunglasses, hats)
The cost of the following: Work-related short training courses related to your current employment e.g. first aid, OH&S, personal training, nutrition, staff supervision, management and attendance at fitness expos, which are not run by a university or TAFE. You can also claim the travel expenses to attend these courses.
Self-education courses run by universities (not including HELP or HECS) or TAFE, for example Cert IV in Fitness, provided they relate to your current employment. If studying, costs of books, stationery, travel and equipment required for the course.
Work Tools & Equipment
The costs of: Buying and repairing equipment used at work, including sporting equipment and weights to be used by clients, electronic organisers, laptops and mobile phones.
Stationery items, diaries, briefcases
Insuring your equipment
Memberships, Subscriptions, Books, Telephones, Internet
The costs of:
Association membership or union fees
Attending competitions as a coach or trainer, including entry fees
Work related books, magazines and journals
Work related CD’s and DVD’s
Work related licences (excluding drivers licence)
work related home and mobile phone calls and rental (diary records should be kept to substantiate the numbers of phone calls you make for one month and then the accrued cost can be calculated)
Internet connection fees (only the proportion of the fee that relates to work use can be claimed)
Home office (diary records should be used to substantiate the hours per month spent working from home)
The cost of deductions that all employees can claim on their tax returns include:
Bank fees charged on investment accounts
Donations to registered charities (so long as nothing is received in return for the donation eg raffle tickets or novelty items)
Tax agent fees, including the cost of travelling to see your agent to have your return prepared.
Income protection or sickness and accident premiums
Rightwayaccountingsuggest you keep receipts for all purchases that are work related, even if they are not listed above. When we prepare your return we can determine whether the expense is tax deductible or not.