{"id":233,"date":"2017-06-14T07:30:10","date_gmt":"2017-06-14T07:30:10","guid":{"rendered":"http:\/\/www.trakaccountants.com.au\/blog\/?p=233"},"modified":"2017-06-15T03:10:02","modified_gmt":"2017-06-15T03:10:02","slug":"how-to-maximise-your-tax-return-2017","status":"publish","type":"post","link":"https:\/\/www.trakaccountants.com.au\/blog\/how-to-maximise-your-tax-return-2017\/","title":{"rendered":"HOW TO MAXIMISE YOUR TAX RETURN 2017"},"content":{"rendered":"<p>Australian government has released the Federal Budget 2017\/2018 recently, this includes government priorities and plans to be done for a year forward.<\/p>\n<h2><span style=\"font-weight: 400;\">Federal Budget 2017\/2018<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to the announcement delivered by Treasurer of Australia, Scott Morrison, the Federal Budget 2017 will support several fields which are considered as a main priority to be improved or developed in order to benefit for more people. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are some general aspects and public services which will get bigger supports once the Federal Budget 2017 applied next month: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Small Business<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Health Care<\/span><\/li>\n<li><span style=\"font-weight: 400;\">School Students<\/span><\/li>\n<li><span style=\"font-weight: 400;\">National Disability Insurance<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Older people<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Farmers<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Traditional broadcasters<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Western Australia<\/span><\/li>\n<li><span style=\"font-weight: 400;\">First Home Buyers<\/span><\/li>\n<li><span style=\"font-weight: 400;\">National Security<\/span><\/li>\n<\/ul>\n<h2>Tax Return Tips<\/h2>\n<p><span style=\"font-weight: 400;\">With the new legislation, it definitely impacts your tax claiming as a small business operator. \u00a0Have a look at the tips below to see how to help yourself to maximise your tax return 2017. <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Be \u00a0well-informed <\/b><span style=\"font-weight: 400;\">&#8211; browse at the <\/span><b>Australian Taxation Office (<\/b><a href=\"https:\/\/www.ato.gov.au\/\"><b>ATO<\/b><\/a><b>)<\/b><span style=\"font-weight: 400;\"> website and find out about the deductions related to your industries. There are job related expenses you can claim and try to focus on the the deductions mentioned.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Be aware of your assets and expenses &#8211; <\/b><span style=\"font-weight: 400;\">understand general work-related deductions such as income protection insurance premiums, business travel, professional memberships and assets such as electronic items or inventories used to support the office.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Get professional advice &#8211; <\/b><span style=\"font-weight: 400;\">if you are new to self-employment, you should consult to an accountant in order to maintain and organise the expenses and prepare for the refund. <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Be organised &#8211; <\/b><span style=\"font-weight: 400;\">organise your accounts will help you to accurately estimate your tax returns and keep a record of what you are claiming.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Be aware of the value <\/b><span style=\"font-weight: 400;\">&#8211; check the figures and find out the value of your properties and equipment, also\u00a0check if there are any offsets or rebates available. Inspect your income level estimation accurately will also help you to see what you will get for your tax return.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The most important thing to do is definitely to know what expenses you can refund and ensure to pay tax deductible expenses that are available before 30 June. If it helps, you can consult to a professional to guide you through the process and receive the refund faster. <\/span><a href=\"http:\/\/www.trakaccountants.com.au\/contact-tax-agents-varsity-lakes\/\"><b>Trak Accountants<\/b><\/a><span style=\"font-weight: 400;\"> is here to <\/span><span style=\"font-weight: 400;\">help get your return in on time and pay only the tax you should.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian government has released the Federal Budget 2017\/2018 recently, this includes government priorities and plans to be done for a year forward. Federal Budget 2017\/2018 According to the announcement delivered by Treasurer of Australia, Scott Morrison, the Federal Budget 2017 will support several fields which are considered as a main priority to be improved or<a class=\"blog-more\" href=\"https:\/\/www.trakaccountants.com.au\/blog\/how-to-maximise-your-tax-return-2017\/\">Read More \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":235,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","spay_email":"","footnotes":""},"categories":[33,25],"tags":[],"class_list":["post-233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-deduction","category-tips"],"jetpack_featured_media_url":"https:\/\/www.trakaccountants.com.au\/blog\/wp-content\/uploads\/2017\/06\/how-to-maximise-tax-return-2017-trak-accountants.png","_links":{"self":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts\/233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/comments?post=233"}],"version-history":[{"count":3,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts\/233\/revisions"}],"predecessor-version":[{"id":238,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts\/233\/revisions\/238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/media\/235"}],"wp:attachment":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/media?parent=233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/categories?post=233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/tags?post=233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}