Employees working from Home

With Covid19 so many of us are working from home. Did you know that you can claim a tax deduction? That’s right.

Employees who work from home can claim the work-related proportion of their running expenses. These expenses are the cost of using equipment and utilities at your home for work.

If you are an employee please, click on the link to read the ATO Fact Sheet.

For more detailed information use this ATO link;

https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Home-office-expenses/

If you are in doubt please call us on 5437 9900 or email us at poole@poolegroup.com.au.

Related Articles

With FY2024 behind us and FY2025 well underway, finalising your financial accounts and tax returns might feel like a routine task. However, updating your three-way forecast alongside your accountant-prepared financials is more than just compliance—it’s a strategic move that can impact your borrowing power, interest rates, and overall financial stability. Why Lenders Rely on Three-Way Forecasts…

Read more

The landscape for non-profit organizations in Australia, particularly those that are not registered as charities, is undergoing a significant transformation. This change revolves around how these entities will access and demonstrate their eligibility for income tax exemptions moving forward. This blog post delves into the critical aspects of the new requirements set forth by the Australian…

Read more