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Business with Brittany Morgan from DFK Hirn Newey

Working from Home Tax Claims

The Australian Tax office recognises that, due to COVID-19, a significantnumber of employees and business owners started working from homeand consequently incurred additional running expenses in relation to theirincome-producing activities.

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In response, the ATO introduced a shortcut method allowing individualsto claim 80c per hour worked from home. This is only for the period from1 March 2020 to 30 September 2020 (2020 and 2021 financial years).

This rate is ‘all-inclusive’, meaning it covers all of your expenses such as phone, internet and electricity. If you use this method, you are unable to claim any other expenses for working from home for the above-mentioned time period.

You must keep a record of the number of hours you have worked from home. Examples of suitable records include timesheet entries, your roster, a diary or documents that show the hours you worked from home.

If you need any assistance with your 2020 tax return obligations, please contact us at mail@dfkhn.com.au.

DFK Hirn Newey | 1143 Sandgate Road, Nundah | Ph: 3266 1488

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