What occupations claim the most deductions

tried googling but no answers, just curious what jobs usually claim the most deductions.

Eg, a coffee barista can claim uniform expenses and not sure what else, whereas an accountant I'm assuming could claim a lot more deductions over the year including computers, phone, uniform, car if needed to see clients etc.

 

A parachuting instructor can claim up tp 50 pairs of undies each year, apparently

 

Digital marketing has a few deduction benefits, given we need to buy and test stuff as part of staying up to date- laptops, mobiles, home automation tools and ongoing education seminars that are work related. I believe as long as I'm only claiming an accurate percentage I actually use the item for work purposes, it's allowed.

At-work expenses are handled on corporate cards so theres nothing at tax time.

 

I'd say lawyers would have the least since they on charge all their expenses to their clients

 

Each taxpayer should be claiming deductions based on expenses necessarily incurred in production of their income. Benchmarks can be misleading and will not tell you what they claim - There is a difference between an accountant in commercial work as a employee and an accountant sole trader with a large practice and employees for example vs another in partnership.

The nature of deductions needs to consider if the person is self employed or a employee and the work they do, where they perform it and how their business model operates. A person in business may have few personal deductions but claim many through their business.

 

Paul from what you have seen, who generally has the most expenses, ruff guess please?

Gonna guess and say accountant/lawyer over waiter/waitress.
How bout accountant vs painter?

All employees.

Miners
Supermarket check out chick(can be male)
Waiter/waitress
Pilots
Accountant employee
Financial advisor
Builders
Mechanic
Lawyer
Painter

 

My experience is that employee real estate agents have the highest.

Their car claim is massive: the sales training courses are often overseas and they make gifts spotter fees.

Some big REA employee writers also employ their own staff to help them sell.

 

Someone spotted a conference in NZ for me in a couple of months & there's always one or two in Aspen that might be of interest.

 

Millionaire property developers.

 

Another interesting question is what businesses declare the least profit?

Are there any chinese restuarants out there making a profit or do they all run at a loss?

 

Thats a fair observation as a dollar value deduction but as a % of income I argue their deductions are not that high.

 

Takeaway food shops. Poor buggers cant even afford EFTPOS in many instances.

 

And those that do have eftpos take 99% of their income from this.

 

Incredible isn't it?

I know of a small 300 seat restaurant which only does cash. A couple of heavies at the door to escort the takings too.

 

in today's day and age are the "cash only" takeaways just robbing peter AND paul??
surely the business lost would out weigh the eftpos business, less fess.? Ive walked away from a takeaway after seeing the minuscule cash only and poor service! the kids learnt a lesson that day

 

I have huge deductions, because I have huge expenses
40% of my private practice is legitimate expense

 

Fair enough.

 

Yep. Always prefer to expense through the business.. it's 100% immediate deduction!

 

Heavy muscle costs an arm & a leg Speaking of muscle, can those type of businesses claim extortion & protection money paid as a deduction? In some places it's a legitimate cost of doing business Do they need a receipt from those asking for protection money?

 

So the other 60% is illegitimate?