Good news for Australian work from home employees! The Australian Taxation Office has implemented the facility for its work-from-home employees to claim certain expenses. This facility has been granted to WFH workers who started working from 1st March, 2020 due to Covid-19. This will let them claim a fixed sum of 80 cents per hour on all their necessary expenses. Some of these expenses include computer maintenance, electricity, air conditioning etc.
Customary WFH workers
Workers usually working from home from the beginning would claim 52 cents per hour although. They also needed to belong to a dedicated working area. They could claim this fixed-rate to meet their computer and work portion related expenses. The scene is a little a different this time, hence, they don’t need to belong to a dedicated working area.
The short-cut method
In order to make the process easy and simple, the ATO has announced the short cut method. This requires the workers to keep a record of their working hours, .that’s it. Say for instance an employee works for 5 days a week for 5 hours. As a result of this, he/she can claim the following amounts on their running expenses.
Remember, that the working hours counted before 1st March, 2020 will be applicable to the previous rule only.
A special message from the ATO
During this crisis of Covid-19, the Australian Taxation Office has announced a special helpline support for its taxpayers. All they have to do is call at 1800 806 218. They have also specified that Australian WFH employees can claim only on those expenses which they are entitled to.
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The three golden rules of for deductions
The Australian Taxation Office has also mentioned about the three golden principles for tax deductions. These three rules can be considered below.
ATO is hopeful that this facility will free lots of taxpayers from the stress faced during every new taxing year. If you wish to get further information on matters like these, contact experts at Tax Return Perth to get the best assistance. They will be always there to extend their support.