The COVID-19 outbreak is surging across Victoria, causing sleepless nights for many Melburnians. The pandemic has also increased the importance of claiming home office running expense deductions for those working from home.
Special Offer for Melbourne Residents
At EndureGo Tax, we extend our well wishes to those in lockdown. We offer a 30% discount on all tax returns and tax-related services for Melbourne residents.
Eligible Services for Discount
This discount applies to:
- Individual Tax Return
- Company Tax Return
- Business Tax Return
- Sole Trader Tax Return
Simply show proof of your Melbourne address, and we’ll honor the discount.
Contactless Tax Return Process
We will handle your tax return digitally, communicating via phone or email. Once completed, we’ll explain the return via a video call app similar to Zoom. You can sign the return digitally.
Important Deductible: Working From Home Expenses
A key deductible item is the working-from-home office running expense.
Increased Flat Rate for Home Office Expenses
Since the lockdown in March 2020, the ATO has granted an 80 cents per hour rate for home office expenses from March 1 to September 30, 2020. However, using this method means you cannot claim additional expenses such as:
- Internet
- Phone
- Depreciation of computers or equipment
- Electricity, gas, and heating costs
You don’t need a dedicated workspace, but you must keep a detailed timesheet excluding breaks.
Alternative Methods for Deducting Expenses
If you prefer, you can use the 52 cents per hour method or claim actual expenses. Choose the method that gives the highest return.
- 52 Cents per Hour: Requires a timesheet for the first four weeks, after which you can prorate. A dedicated workspace is needed. You can still claim phone, internet, and computer depreciation.
- Actual Expense Method: Requires a dedicated workspace. You’ll need receipts (electricity, gas, phone, etc.) and must prorate based on room size.
We’re Here to Help
As one of the most trusted accounting firms in Ashfield, Sydney, and Adelaide, we’re here to assist you. Call us at 0410 829 900 or email hello@endurego.com.
