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CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

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Claiming mobile phone expenses

Posted on Jun 22, 2016 by CFL Financial

With tax time fast approaching, now is a good time to review those tax deductions that are often easily forgotten such as mobile phone expenses.

Mobile phone expenses can generally be claimed as a tax deduction provided they are used for work purposes, such as receiving or making work calls. When claiming expenses you will need to work out the percentage that reasonably relates to your work related use, not your entire phone bill.

The ATO requires you to substantiate these claims by keeping records for a 4-week representation period in each income year to claim a deduction of more than $50. Records may include diary entries, including electronic records and bills. The Tax Office also suggests including evidence that your employer expects you to work at home or make some work-related calls to demonstrate your entitlement to the deduction.

When apportioning the work use of your phone, you will need to use one of the following methods:

Incidental use
If you are not claiming a deduction of more than $50 in total and your work use is incidental, you may make a claim based on the following:

Usage is itemised on your bills
For phone plans with an itemised bill, you need to determine your percentage of work use over a 4-week representative period which then can be applied to the full year. You can work out the percentage by the number of work calls made as a percentage of total calls, or the amount of time spent on work calls as a percentage of total calls, or the amount of data downloaded for work purposes as a percentage of your total downloads.

Usage is not itemised on your bills
If your plan is not itemised, you can determine your work use by keeping a record of all your calls over a 4-week representative period and then calculate your claim using a reasonable basis.

Bundled phone plans
Phone services are often bundled and can be used by other members in your household. If other members use the services, you need to take into account their use in your calculation. You will need to identify work use over a 4-week representative period which can be applied to the full year. A reasonable basis must be used to work out the work-related use such as:

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

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Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 9, 360 Queen Street
Brisbane
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

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