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Home Office Expenses Shortcut Claiming Method Extended

Published by:
James Morris
Published on:
November 12, 2020
Modoras Accounting (QLD) Pty Ltd ABN 81 601 145 215
Home Office Expenses Shortcut Claiming Method Extended

Still working from home? The temporary shortcut method for calculating home office expenses has been extended to 31 December 2020, a 3 month extension on the previous expiry of the end of September.

The 80 cent claiming method came into effect from March in response to the large quantity of population working from home due to COVID-19.

This extension comes in response to the second wave occurring in Victoria where working from home has remained a necessity.

The ATO has also mentioned that the December extension may have a further extension.

It is vital to understand that the 80 cent claiming method cannot be paired with claiming for individual items such as a desk chair or desk.

Why you could use a tax professional

Accounting professionals are trained to understanding the ins and outs of tax, and helping you not pay a cent more than you have to.

Not to mention that you can avoid the late submission fees by having an accountant process your return, now that the deadline to lodge a tax return yourself has passed for 2020.

Contact our team today for an obligation free consultation.

Do you know how the Federal Budget announcements will affect you?

Now that the Federal Budget 2020 has been announced, you may be asking yourself, how will these changes affect me?

We’ve put together all of Budget information in one place, and included our live webinar recording where our experts discuss the key changes and possible implications and opportunities for you post-announcement.


IMPORTANT INFORMATION: This blog has been prepared by Modoras Accounting (QLD) Pty. Ltd. ABN 81 601 145 215. The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals’ personal circumstances have been taken into consideration for the preparation of this material. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Accounting (QLD) Pty. Ltd. recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Accounting (QLD) Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Accounting (QLD) Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Accounting (QLD) Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication. Liability limited by a scheme approved under Professional Standards Legislation.

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