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18 July 2024

I am very confused as I am unsure if I have to write down all my business expenses on the Business and expenses section of my Tax return or the deductions section. As I have played around with it I get more tax returns if I write down everything under the deductions, just a bit confused. Thanks everyone

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Taxduck(Taxicorn)Taxicorn
18 July 2024

Deductions (D1 to D5) are for work deductions (from PAYG payment summary - employment income) only.

All business income and expenses are entered into the business schedule.

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Most helpful reply

Taxduck(Taxicorn)Taxicorn
18 July 2024

Deductions (D1 to D5) are for work deductions (from PAYG payment summary - employment income) only.

All business income and expenses are entered into the business schedule.

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As a sole trader, do I write down expenses on the Business and Expenses section or on the Deductions | ATO Community