Mechanics get a rough ride. They are often portrayed as modern cowboys and rip-off merchants. The truth is that they are being ripped off by the taxman. The vast majority buy their own tools and are missing out on tax refunds. It is not small change either. The average mechanic’s tool refund is over 800.
Why don’t they know about it? Many people believe the Government will refund overpaid tax. Sadly, this is not true and it is an individual’s responsibility to claim their tax back.
Mechanics have a lot in common with hairdressers, though many won’t thank you for mentioning it. In both cases, staff are expected to supply the tools of their trade. Unlike combs and clippers, however, a mechanic’s tools can easily exceed 2000 per year. As cars become more technical, so do the tools needed to keep them running. What they might not realise is that a tax refund is available on that spend.
How much is it worth? Time to suck my teeth and tap my clipboard: that depends on how much the mechanic has spent. According to Refunds Direct, a tax refund company, the average refund is 800 and is typically 15-20% of the total outlay on...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
