Expenses a Sole Trader Can Claim for Tax Optimization

As a Sole Trader, claiming the correct deductions is key to making sure you are optimising your tax return. In today’s video, I go through what a sole trader can claim on their tax return. -- 💰 Looking for an Accountant to help you with your return? I’d be glad to have a chat and help! - https://rooshockaccounting.com.au/ -- 📺 Subscribe to this channel - https://www.youtube.com/c/ethanrooshock?sub_confirmation=1 -- 🎓 My “How to Start a Business in Australia” Course - https://ethanrooshock.mykajabi.com/how-to-start-a-business-in-australia --- 🔥 Join Our Discord! The Rooshocks Discord allows me to answer questions about Business, Tax, Crypto and NFTs. It’s also the place where you can get up to date information on my NFT project, Rooshocks! - https://discord.gg/X3apKzMVmD -- 🖥️ My Reseller Tax Spreadsheet - https://reseller-spreadsheet.ck.page/products/reseller-spreadsheet — 💼 How I Track My Crypto Investments for Tax Time Crypto Tax Calculator - https://cryptotaxcalculator.io?fpr=xo5ak (Get 20% Off using the code BFF2020) Koinly - https://koinly.io/?via=9B29D87A (Get 25% Off using the code 9B29D87A) CoinTracking - https://cointracking.info?ref=E484421 -- ✏️ How I Track My Investments for Tax Time - https://portfolio.sharesight.com/refer/AST31 -- 🖼️ My NFT Project, Rooshocks - https://rooshocks.xyz/ -- ✍ Personal Finance Blog - https://ethanrooshock.com/ -- ⌚️Timestamps 0:00 Sole Trader Tax Deductions 1:10 Day to Day Expenses 2:55 Cost of Goods Sold 4:25 Capital Expenses -- Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective. -- CONNECT WITH ME HERE: 👍 Facebook - https://www.facebook.com/Ethan-Rooshock 📷 Instagram - https://www.instagram.com/ethanrooshock/ 🐦 Twitter - https://twitter.com/ethanrooshock 🎵 Tik Tok - https://www.tiktok.com/@ethanrooshock 💼 LinkedIn - https://www.linkedin.com/in/ethan-rucioch-037b44a3/ ✉ Email - ethan@rooshockaccounting.com.au -- Disclaimer Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these. -- #soletrader #soletradertax #soletraderdeductions