Practical Ways to Prove WorkUse of Phone

Practical Ways to Prove Work Use of Your Phone

Index

1. Introduction
2. Fixed Rate Method
3. Actual Cost Method
4. Keeping a Diary
5. Using Records for the Full Year
6. Gotax Deduction Grabber App

Introduction

When it comes to doing your Income Tax Return, proving the work-related use of your phone is essential to maximise your tax deductions and ensure you get the maximum refund. We will guide you through practical ways to document your phone's work use effectively.

Fixed Rate Method

If you choose the fixed rate method to claim your working from home expenses, you cannot claim a separate deduction for phone calls and data usage. These expenses are included in the fixed rate of 67 cents per hour.

Actual Cost Method

For those planning to use the actual cost method, calculating the work-related percentage of phone calls and data usage on a reasonable basis is crucial. This method allows you to claim additional running expenses not covered by the fixed rate method, such as depreciation of office furniture and equipment.

Keeping a Diary

One of the easiest ways to determine your deduction is by keeping a diary for a continuous 4-week period. This diary can be in paper or electronic format and should detail how you calculated the percentage of work-related use. For example, you can record the number of phone calls made or the time spent using the internet for work versus private use.

Using Records for the Full Year

The record of a continuous 4-week period representing work use can then be extrapolated to calculate the full deduction for the entire income year. This method ensures that your claim is accurate and substantiated, meeting the record-keeping requirements set by the ATO.

Gotax Deduction Grabber App

To simplify the process, consider using the Gotax Deduction Grabber App. This app includes all the logbooks and tax expense recording systems you need. Scan the QR code to download and start tracking your expenses effortlessly.

Just follow these simple steps, To ensure that your phone's work-related use is well-documented, helping you to maximise your tax deductions and achieve the maximum refund on your Gotax Online Income Tax Return.

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