Take control of your tax deductions and compliance

Claim eligible deductions and stay compliant with clear guidance.

Simplify your tax deductions with Lawpath

What are tax deductions for small businesses and companies?

A tax deduction is a legitimate business expense that can reduce your taxable income.

These deductions relate to the costs required to operate and grow your business.

Whether you’re running a cozy café or a growing consultancy, understanding and claiming these deductions is vital to ensuring your business remains financially efficient and compliant with tax regulations.

Common tax deductions- an overview

Our tax professionals review your structure, identify eligible deductions, help ensure ATO compliance and guide you on improving your tax position.

Operational costs

Claim eligible deductions on everyday business expenses, from rent to office supplies

Capital expenditure

Understand depreciation schedules for business assets and equipment

Professional services

Claim fees for essential business services while staying compliant

Human resources

Identify eligible deductions for employee-related expenses, including superannuation

Sales and marketing

Understand the tax treatment of marketing and business growth activities

Travel and transportation

Claim eligible travel and transport expenses connected to your business

Financial expenses

Understand how certain financial expenses may reduce taxable income

Don’t make these common tax mistakes

Our team helps you claim eligible deductions accurately and in line with ATO requirements.

Personal vs professional blur

Clearly separate personal and business expenses to meet ATO guidelines.

Shoddy Bookkeeping

Good record-keeping supports accurate deductions and smoother tax time.

Missed lodgement dates

Meet ATO deadlines for BAS and tax returns to reduce the risk of penalties.

Deduction blind spots

Understand your eligible claims to avoid missing deductions.

Over claiming

Claim only legitimate deductions to reduce the risk of penalties.

Tax obligation planning ​​

Plan ahead to manage cash flow and meet tax obligations on time.

Expense classification

Categorise business costs clearly to support accurate reporting and tax treatment.

Ace your tax deductions

How Lawpath can help strengthen your tax position

Review of common tax deductions

Identify eligible deductions your business may be able to claim.

Superannuation review

Review superannuation contributions for compliance and appropriate tax treatment.

Bad debt review

Review and assess bad debts to understand potential tax implications.

Concession overview

Understand available concessions that may apply to your business.

Fringe Benefit Tax evaluation

Assess the tax impact of employee benefits to reduce unexpected liabilities.

Categorisation of expenses

Categorise expenses accurately to support complete and compliant claims.

Accounting and tax made easy

Accounting Advice Plan

After signing up, we will contact you to review your current tax position and lodgement status.

Tax Plan

Receive year-round support from a dedicated tax agent to prepare and lodge BAS statements and tax returns, helping your business remain compliant with ATO requirements

Accounting Advice

$179  $139/month*

*With an annual contract. Billed $1668.

Tax Plan

$320 $256/month*

*With an annual contract. Billed $3072.

*The Tax Plan is per entity for businesses with an annual revenue under $400,000. Only future BAS statements and business tax return lodgements are included in this plan. Outstanding lodgements and book-keeping is not included and will be quoted separately. Please refer to the full terms and conditions here.

Discover more tax deduction tips for your business

Maximising Tax Returns for Australian Doctors: Your Ultimate Guide to Filing with Confidence

Discover how Australian doctors can maximise tax returns with this comprehensive guide. Learn about tax deductions, record-keeping tips, and expert advice for filing confidently.

Navigate NDIS Taxation with Confidence and Clarity: Essential Tips for Providers

Are you an NDIS provider with questions about taxes? Find tips and tricks to help you manage your finances and stay compliant in our comprehensive guide.

Business Expenses Explained: Are Computers, Meals, Car Payments, and Loans Tax Deductions?

Learn what you can and can’t deduct as a business expense on your tax claims, including computer, meal, loan, and car payment tax deductions.

A Guide to Tax Deductions for Tradies in Australia 

Are you a tradie in Australia? Check out our guide on ways to maximise tax deductions for tradies while ensuring business tax compliance.

Maximising Tax Deductions for Accountants: A Comprehensive Guide

Are you an Australian accountant? Learn how to maximise tax deductions for accountants, reduce your taxable income, and avoid common pitfalls.

Here's what people say about us

There was just no doubt in my mind that I needed a Lawpath package, and the relief I felt was immense from that moment, because I could see that it was clearly an Australian business who was based here and who knew what the ATO needed from me across my business journey.

Jessica Mudditt
Founder of Hembury Books

Frequently Asked Questions

Tax deductions are expenses that can reduce your taxable income, helping you pay less tax. For small businesses, this means keeping more of your hard-earned money.

Tax deductions are expenses that can reduce your taxable income, helping you pay less tax. For small businesses, this means keeping more of your hard-earned money.

You can claim deductions for a range of business expenses, including office supplies, rent, utilities, and employee wages. Be sure to review all eligible expenses to maximise your tax savings.

Maximise your tax deductions today!

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