Contact Us

Yes. If you are an employee who works from home on a regular basis, you may be able to claim a deduction for expenses in relation to that work.

If you claim for more than 5 hours a week you need to log it in a diary. Employees can claim 45c per hour, contractors can claim floor space (generally 1/7) of rent, rates, water, insurance, power and any items repairs etc.

You can claim interest but it’s not advisable, as it may affect your capital gain exemption.

Call in at your local TaxAssist Accountants for help with this.

 

Terry Murphy TaxAssist Accountants.

Date published 27 Mar 2019

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our multiple locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free, no obligation consultation

1300 513 332

Or contact us