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Old 30th Jun 2008, 09:44
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Bendo
 
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Thumbs down Apache

You forgot the standard disclaimer:

This advice is general in nature and does not take your personal circumstances into account. This advice may not reflect what is best for you. Please read the PDS before acting on any financial advice from Apache Financial Services Pty Ltd
There is a guide for airline employeeson the ATO website.

Be careful when preparing your own tax: there are a lot of allowances that you consider "work related" but the ATO does not.

For example, training for a qualification for your current job is deductible - DG renewal, CIR renewal etc - but training for a qual that wins a new job - eg: endorsements - might not be (I think a Pornstar or Virgin pilot won a case about his endo?)

There is a standard maximum amount you can claim for your technical journals without receipts

There is a maximum mileage you can claim for work-related travel expenses without keeping a vehicle logbook

There is a remote area tax rebate (Zone allowance) which the tax office works out based on your postcode, I think, unless you tell them otherwise

Essentially it is all so complex and convoluted that you need to get an accountant just to be sure you're legal!

...and if your accountant is anything like mine, he will sling it to the junior guy who doesn't know jack about work, let alone YOUR work, cos he's only been out of school 5 minutes and has never even done a tax return for himself, and THEN his boss will charge you $180 even though you had to go through it with a fine tooth comb and ring the kid back and take half an hour... TWICE... to explain what is, and isn't, self-education and what is, and what isn't, a work-related expense for a pilot.
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