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Business expenses calculator free#

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100% of magazine subscriptions for your business.

Business expenses calculator tv#

0% of satellite TV subscription unless it’s for business use.10% of power and gas, but you can claim more than this if you can prove you use more for business.Instead, use a logbook to track your business mileage. 0% of vehicle expenses as household costs.0% of furniture and TV only for household use.10% of internet costs, but you can claim more if you can prove you use more for business.

0% of food and drink, unless you’re entertaining for work.

100% of new furniture under $500 an item - items over $500 must be depreciated instead.

100% of office supplies, eg paper and pens.

50% if that’s how much you use for business purposes.

Whatever you claim, remember to keep a record of each item.

So the owner can claim 10% of expenses not solely for business, eg a power bill. In this example, the house is 100 square metres and the office 10 square metres - 10% of the total area. For the rest, you can claim the proportion of your house that you use for work. You can claim 100% of expenses that are solely for business purposes, eg a business phone line. If you use your home for business - whether you’re a contractor, sole trader, in partnership or own a company - you can claim a portion of household expenses. Work from home? Make sure you claim these expenses Rental property expenses (external link) - Inland Revenue legal fees involved in buying a rental property, as long as the expense is $10,000 or less.depreciation on capital expenses, like whiteware, appliances or heat pumps.

vehicle and travel expenses when you travel to inspect your property or do repairs.

Business expenses calculator professional#

professional services fees, like accountants, lawyers or property managers.

repairs and maintenance (but not renovations that substantially improve the value of the property).

If you own an investment property, expenses you can claim for include: Tool for Business downloads: Vehicle logbook template (external link) - Inland Revenue

Business expenses calculator download#

It's a good idea to use Inland Revenue's vehicle logbook template - download this spreadsheet from the Tool for Business website. work-related mobile phones and phone bills.membership of professional associations.interest on borrowing money for the business.depreciation on items like computers and office furniture.vehicle expenses, transport costs and travel for business purposes.