New working from home tax changes! What you need to know: The Australian Taxation Office (ATO) has significantly changed the way that taxpayers claim deductions for costs incurred while working from home. From 1st July 2022 the old fixed rate method of $0.52 cents per hour can no longer be used to calculate your deductions. The …
New working from home tax changes! What you need to know: Read More »
What’s the deal with working from home? The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to use a new ‘fixed rate’ method (67 cents per hour), or the ‘actual cost’ method depending on what …
· Working From Home & Tax – With working from home becoming more common, it allows taxpayers the chance to claim a deduction for their home office expenses. Taxpayers can claim a deduction for additional running expenses incurred when working from home at a fixed rate of 52 cents for each hour worked from home. …
With June 30 on its way, most people will be keen to lodge their tax returns as soon as they can. But the ATO has made one thing clear: don’t lodge your tax return too early. If you don’t have all the information relating to your income, it’s not the right time to lodge your …
