If you lodge your return after the due date, the five years start from this later date.As a sole operator, you must complete an income tax return to report your income and claim your tax deductions for each income year.You cannot claim a deduction for child care expenses.For information about the child care rebate payments, contact the Family Assistance Office (FAO): You can only claim a deduction for the cost of clothing you use solely for earning income, including costumes and lingerie.You can't claim a deduction for items such as dresses, skirts, blouses, trousers, shirts and shoes for everyday use.
However, these can be depreciated or 'written down' over their effective life.
If you do not have an itemised account, you can keep a record for a representative four-week period to work out a pattern of business calls for the entire year (provided you have a regular pattern of use throughout the year).
You can't claim: You can claim the cost of replacing or repairing equipment (such as fetish equipment), adult novelties (such as vibrators), and other items you use in your work.
You are a sole operator if you: You can claim a deduction for the total cost of advertising your business in the adult industry.
You may be eligible to claim the child care rebate.
See also: If you operate your business from home and you maintain only one telephone – mobile or landline – you can claim part of your telephone rental and the cost of your business phone calls.