by Investment Plus Accounting Group | Apr 6, 2025 | ATO, Small Business, Work from Home
The Australian Taxation Office (ATO) has quietly increased the fixed-rate deduction for people working from home. From 1 July 2024, taxpayers can now claim 70 cents per hour worked from home—up from the previous rate of 67 cents. This change will apply when lodging...
by Investment Plus Accounting Group | Mar 29, 2023 | Asset Protection, Business, Business Advisory, How To, Small Business, Tax & Accounting
Starting a small business and turning a passion or an idea into something bigger is a dream for many Australians. Being your own boss and building something from the ground up can be incredibly rewarding – but it’s not always smooth sailing. Being a small business...
by Investment Plus Accounting Group | Mar 23, 2023 | ATO, How To, Small Business, Tax & Accounting, Tax Deductions, Work from Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
