Operating expenses are the expenses you incur in the everyday running of your business. Examples include office stationery, renting premises and purchase of trading stock. These expenses are sometimes called working or revenue expenses. You can generally claim a tax deduction for most operating expenses in the same income year you incur them.

As a business owner, you can generally claim a tax deduction for the salaries and wages you pay to employees, and super contributions you make on time to a complying super fund or retirement savings account (RSA) for your employees and for certain contractors.

This information will help you when claiming a deduction for motor vehicle expenses for your business – whether you use a registered tax agent or lodge your own return.

This information will help you if you are a small business owner claiming a deduction for expenses you incur when travelling for your business – whether you use a registered tax agent or lodge your own tax return.