- 20 June 2025
Tax Time Tips for Tradies: Get the Most Out of Your EOFY Spend
With June 30 fast approaching, now’s the time for tradies to get smart about tax time. Whether you’re on the tools every day or running your own small business, a few savvy purchases and organised receipts can make a big difference when it comes to claiming deductions.
Here are three quick and practical tax time tips to help you make the most of the end of financial year:
1. Claim Your Work Gear
If you wear it to get the job done, chances are it’s tax-deductible. This includes high-vis clothing, steel cap boots, weatherproof jackets, and other safety gear required on-site. If you’ve bought it recently—or plan to before June 30—make sure you keep your receipts so you can claim it in this year’s return.
Tip: Even smaller items like gloves, protective eyewear, or hats could be claimable if they’re part of your standard workwear.
2. Log Tool & Equipment Repairs
Have you had repairs or maintenance done on your tools, machinery, or work equipment? Those expenses are often claimable too. Whether it’s fixing a drill, sharpening blades, or servicing a piece of gear—keep a copy of the invoices. Not only does it get your equipment in top shape for the next job, but you may also be able to write off the cost as a deduction.
Tip: Repairs must be directly related to your work, so make sure the equipment is used for business purposes.
3. Upgrade Before June 30
Been eyeing off a new tool, workbench, or power gear? Now’s the time to grab it. Purchasing tools or equipment before June 30 means you may be able to claim it in this financial year, not the next. That’s money back in your pocket sooner—and a great excuse to replace that old circular saw or snag the tool you’ve had your eye on.
Tip: Check with your tax adviser about instant asset write-offs and small business deductions to get the most from your purchases.
Tax time doesn’t have to be a scramble. By planning ahead and investing in the gear you need now, you can reduce your tax bill and head into the new financial year well equipped for the jobs ahead.
Need to stock up on essentials? Home Hardware has everything you need—from workwear to tools and accessories—all in one place.
