And remember, if you get an expert to do your taxes for you he will find a lot of tax deductions that you may not have thought of. If you drive to the bank to do your banking then you have car expenses, if you lease your computer - that is a tax deduction. If you paid cash for it then you can depreciate it.
Your isp account can be a tax deduction. The fees charged by the bank to deposit overseas cheques are a tax deduction. If you have a room in your house that is only used as an office then that becomes a tax deduction.
We have a phone line that is only used for the computer that is on dial-up - that is a tax deduction. We get our cheques posted to a private box - the private box rental is a tax deduction.
Content purchases can be a tax deduction too. If you buy computer related books they can form a professional library and so become a tax deduction. A subscription to Australian Personal Computer magazine can be a tax deduction.
If you end up owing the taxation department money and can't afford to pay it in a lump sum then the interest that they will charge you as you pay the debt off becomes a tax deduction.
Even the chair you sit on can be a tax deduction.
For the last couple of years my wife has had an accountant use legitimate accounting procedures to turn a nice income into a very small income - so small in fact that last year she received the additional money that the government pays to low income earners.
So if you are in this industry and earning big money then follow Jayson's suggestions but if you are earning less than big money see an accountant and he can legitimately turn it into even lesser money for the tax man.
Oh and btw - accountant's fees are tax deductible
