Home Office

COVID saw many people legitimately having increased claims for home office expenses. The ATO have now revised how these expenses can be claimed. 

From the 1st of March 2023, to make a home office claim a record such as a timesheet, roster or diary of ALL the hours you worked from home is required. The cents per hour rate encompasses the work use of your internet, telephone, electricity, computer consumables and stationery. Other specifics may be claimable eg depreciation on IT equipment and office furniture. 

Please contact Acct Smart Pty Ltd to discuss how this may affect you.