Search This Blog

Tuesday 20 October 2015

Claiming home office expenses

The type of home office expenses taxpayers are eligible to claim as a tax deduction will depend on the primary use of the home office.

Where the home office is the sole location for conducting a business, taxpayers can claim occupancy costs, such as rates, mortgage interest, rent and insurance together with running costs, apportioned depending on business use.

Where a home office is used for work-related purposes and the taxpayer has a main office elsewhere but chooses to work from home, taxpayers can only claim running costs.

When claiming running costs, taxpayers can choose to claim on the basis of apportioning actual expenditure or use the Tax Office fixed rate of 45 cents per hour.

The Tax Office rate covers costs including decline in value of computers and other assets, electricity, internet and phone rental costs.

Taxpayers need to keep a diary over a 4 week period demonstrating the average time spent using the home office for business purposes.

The 45 cents rate for home office expenses applies from July 1, 2014, which is up from 34 cents.

For more information, click here.

10 comments:

  1. Binance.US may be a fast, compliant, and secure digital asset marketplace.We are getting to launch within the coming weeks. The merchandise or unfavorable changes. Therein circumstances, users should immediately call Binance Support Phone Number @ 1-(817)-776-5501 instead of getting worried or waiting anymore for the conversion of situations into a worst one. Users simply got to be able to face any of the above mentioned issues because the hi-tech products are often never be kept far from the attack of random issues. This is often why we've made our toll-free number available online to supply simple access to expert team for users.

    ReplyDelete
  2. Kraken may be a cryptocurrency exchange that proffers Bitcoin and Ethereum trading, influence margin trading, and a dark pool is defined because the private securities exchange where investors- typically large financial institutions, and high net worth individuals- can make trade anonymously. If the seeker wants to open a complicated account, then for this advanced accounts are required in specific jurisdictions around the world. They're also necessary for those that are trading with large volume. You will be required to point out your government-issued ID alongside the residence proof. Just in case of any difficulty, one can always resolve it by calling on Kraken Support Phone Number @ 1(817)-776-5501.

    ReplyDelete
  3. The account of the pros, and cons of using QuickBooks is obvious from the above-mentioned passage. Now, to place these concerns to an end, an instantaneous resolution of those issues is important. It's true that a particular and well-organized bookkeeping plays a really important role in your business growth. QuickBooks Desktop payroll accounting software is the most resourceful accounting solution. You'll choose this software to manage your day to day transactions also because the payroll of your employees. So, dial Quickbooks Payroll Support Number @ 1-888-403-0506 just in case performing on QuickBooks becomes difficult. Gain insight into the issues and therefore, the related solutions. Moreover, get a chance to talk out before the experts.

    ReplyDelete
  4. Many users have reported the slowdown of page in case of high traffic, which has incurred in terms of loss for many users. Users have complained for long verification time, sign in issue despite of enabling two factor authentication. Crypto currency worlds is getting number of complaints with exponential growth, as their popularity is increasing, users base is increasing, issues are getting more and more. We have our expertise in resolving these issues, you can contact our Bittrex support number 1-817-776-5501.
    Bittrex Support Number 1-817-776-5501

    ReplyDelete
  5. Few Users have complained about the sluggish transaction with Bitstamp because of enormous traffic on the exchange just because of margin trading and all. Users also have disclosed for login difficulties to account after reset of bitstamp account password, as they were not able to log in to their accounts and many other problems with exchange like Transaction error etc. If you are also fronting such log in issues post account password reset contact our Bitstamp support number 1-817-776-5501.
    Many users have nagged that if they want to discontinue any exasperating order placed by mistake, the exchange doesn’t consent them to do that, if they want to abandon the transaction it doesn’t get cancelled. They get a pop up of anonymous order directed which leads to loss of funds for many traders. If you are also stuck with such issues, all these issues will be resolved, contact our Bitstamp support number 1-817-776-5501.
    Bitstamp Support Number 1-817-776-5501

    ReplyDelete
  6. Many users have reported the slowdown of page in case of high traffic, which has incurred in terms of loss for many users. Users have complained for long verification time, sign in issue despite of enabling two factor authentication. Crypto currency worlds is getting number of complaints with exponential growth, as their popularity is increasing, users base is increasing, issues are getting more and more. We have our expertise in resolving these issues, you can contact our support number 1-817-776-5501.
    Bittrex Support Number 1-817-776-5501

    ReplyDelete
  7. Some users have also stated that even after getting registered with coinbase, the exchange didn’t allow them to access their coinbase account. Every time their login was repudiated and they use to get a warning that they are logging with a new device. Coinbase use to send them he link to authenticate their new device, after if they strained to verify that, the link get expired and users couldn’t login to their account .If you need assistance on this contact our coinbase support number 1-817-776-5501.
    Coinbase Support Number 1-817-776-5501

    ReplyDelete
  8. Virtual money market has gained too much mind share of people and more and more customers want to use these platforms. In addition to this many new learners are not aware about the process of how to create new account with bittrex. It comes under top most exchanges in word and people feel it as a status to have their account with this exchange. To provide assistance to such users, bittrex has started its customer support and it works 24/7. Concerned users can contact Bittrex support number 1-817-776-5501 for any of their queries.
    Some users have also reported about their accounts beng locked if they ahvent verified their 2FA. People found it as a burden to go through such cumbersome process. If you are also a victim of such situation you can contact our Bittex support number 1-817-776-5501.
    Bittrex Support Number 1-817-776-5501

    ReplyDelete
  9. You are worried about the Yobit account password issues and looking for some way out then get connected with the experts obtainable at the Yobit support team and seek the ways to Recover Your Yobit Account Password issues. In fact along with the resolution to solve the account hacking matter, you will be given all the suggestion to avoid the matter this like for future convenience. Thus, make sure that when you find into complication because of the Yobit issues then just get linked with the Yobit experts and avail high yielding results in no time. Once password issue obtain sorted out, use account again.

    ReplyDelete
  10. Find a Next Intraday stock tips . Here you get a stock which is ... We help traders with market direction and trading strategies. With our stock alerts you.

    ReplyDelete