{"id":2300,"date":"2021-06-23T07:28:38","date_gmt":"2021-06-23T07:28:38","guid":{"rendered":"http:\/\/www.ancent.com.au\/en\/?p=2300"},"modified":"2021-06-25T02:58:21","modified_gmt":"2021-06-25T02:58:21","slug":"tax-return-time-is-upon-us-what-do-you-need-to-think-about-before-the-end-of-financial-year","status":"publish","type":"post","link":"https:\/\/www.ancent.com.au\/en\/2021\/06\/23\/tax-return-time-is-upon-us-what-do-you-need-to-think-about-before-the-end-of-financial-year\/","title":{"rendered":"Tax return time is upon us. What do you need to think about before the end of financial year?"},"content":{"rendered":"<p class=\"_1HzXw\">First, think about what you&#8217;re going to be using it for.<\/p>\n<aside class=\"_3fXyV _19G7j _2wBlx _1csae\" data-component=\"RelatedCard\" data-uri=\"coremedia:\/\/article\/100230376\">\n<div class=\"Bmdjh _2tzsR _1sVhj\">\n<div class=\"_3msAz\">\n<div class=\"_3-6ik\" data-component=\"IntersectionObserver\">\n<div class=\"CtQll\" data-component=\"AspectRatioContainer\">This year the ATO will have its eye on work-from-home expenses and rental property claims.<\/div>\n<\/div>\n<p>Put simply, any equipment you buy must be at least partly used for work purposes (so that new kitchen table you work from won&#8217;t fly with the ATO).<\/p><\/div>\n<\/div>\n<\/aside>\n<p class=\"_1HzXw\">If you&#8217;re buying equipment like a printer, computer or phone, you&#8217;ll need to<strong>\u00a0calculate the percentage of time it&#8217;s used for work<\/strong>\u00a0and claim accordingly.<\/p>\n<p class=\"_1HzXw\">And\u00a0you have to be careful\u00a0<strong>not to claim for things that have already been paid for by work<\/strong>, explains\u00a0senior tax advocate Susan Franks from Chartered Accountants ANZ.<\/p>\n<p class=\"_1HzXw\">&#8220;For example, if your employer reimburses your work-related phone expenses, then you cannot claim those expenses as a deduction in your tax return,&#8221; she says.<\/p>\n<p class=\"_1HzXw\">&#8220;And while your employer may supply coffee and tea at the office, you can&#8217;t claim for coffee or tea bought whilst working from home.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year the ATO will have its eye on work-from-home expenses and rental property claims.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2300","post","type-post","status-publish","format-standard","hentry","category-uncategorised","category-1","description-off"],"_links":{"self":[{"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/posts\/2300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/comments?post=2300"}],"version-history":[{"count":2,"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/posts\/2300\/revisions"}],"predecessor-version":[{"id":2332,"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/posts\/2300\/revisions\/2332"}],"wp:attachment":[{"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/media?parent=2300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/categories?post=2300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ancent.com.au\/en\/wp-json\/wp\/v2\/tags?post=2300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}