Popular on Rezul
- Honoring Black History, Culture, and Community in Fall River
- Token-Operated Sake Service Opens at Tobu Nikko Station
- Cheryl Hines' Trailer PROWLING to Sardinia
- Integris Composites Joins Paris Air Show at USA Pavilion
- Real Estate Buyers and Sellers Marry The Home Date The Rate
- Corner Property Management Now Managing Van Wagenen Terrace COA in Jersey City, NJ
- Global Court Momentum Builds Against Forced Psychiatry; CCHR Urges U.S. Reform
- New Study Reveals Nearly Half Of TikTok Shop Stores Generate Zero Sales Despite Platform's $100 Million Black Friday Success
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
- Mensa Foundation Prize Awarded to Neuroscientist-Pianist
Similar on Rezul
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
ATO Reminds Australians to Get WFH Tax Claims Right, Nanak Accountants Offers Expert Support
Rezul News/10707296
New ATO rules for claiming WFH expenses apply from 1 July 2024 — Nanak Accountants helps clients claim smarter and avoid costly mistakes.
MELBOURNE, Australia - Rezul -- Work from Home? Get Your Deductions Right
The Australian Taxation Office (ATO) has updated its guidance for work-from-home tax deductions for the 2024–25 financial year. With millions of Australians still working remotely, the ATO is urging taxpayers to understand the rules — or risk making costly mistakes.
Nanak Accountants & Associates is here to help Australians claim confidently, avoid errors, and maximise their tax refund.
Two Methods, One Smart Choice
The ATO now offers two methods for claiming your work-from-home expenses:
✅ Fixed Rate Method – 70c/hour
This method is simpler. You track your hours and claim 70 cents per hour worked from home. It covers electricity, internet, phone, and stationery. You can still separately claim depreciation on your home office equipment like desks or laptops.
More on Rezul News
✅ Actual Cost Method
This one takes more effort. You calculate and prove the exact work-use portion of each bill — internet, phone, electricity — and keep all your receipts. It can offer a higher deduction, but only if you've had large expenses and kept full records.
Our Advice: Don't Guess. Check What Works for You.
Some taxpayers go straight for the fixed rate. Others assume actual cost is better. But it depends on your setup.
"People working from a dedicated home office with big expenses might benefit from the actual cost method," says Puneet Singh, Director at Nanak Accountants. "But for most people, the new fixed rate is easier — and often just as effective."
What You Can Claim
If you're working from home, you may be able to claim:
But remember: claims must be for work use only — not personal. And shared spaces like the kitchen table? They often don't qualify.
More on Rezul News
No records? No deduction. The ATO can reject your claim or amend your return.
How Nanak Accountants Can Help
At Nanak Accountants & Associates, we guide clients through the WFH deduction process every step of the way. We:
Let our experienced team make sure you claim what you're legally entitled to - and nothing gets missed.
The Australian Taxation Office (ATO) has updated its guidance for work-from-home tax deductions for the 2024–25 financial year. With millions of Australians still working remotely, the ATO is urging taxpayers to understand the rules — or risk making costly mistakes.
Nanak Accountants & Associates is here to help Australians claim confidently, avoid errors, and maximise their tax refund.
Two Methods, One Smart Choice
The ATO now offers two methods for claiming your work-from-home expenses:
✅ Fixed Rate Method – 70c/hour
This method is simpler. You track your hours and claim 70 cents per hour worked from home. It covers electricity, internet, phone, and stationery. You can still separately claim depreciation on your home office equipment like desks or laptops.
More on Rezul News
- Sweetbriar Homeowners Association Chooses Corner Property Management AAMC for Oversight & Management
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- Deaths Spur Closures, but Troubled Teen Camps Must Be Banned, CCHR Warns
- Palmer Lake Wine Festival To Build Bridges in Small Mountain Community, Highlight Local Businesses
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
✅ Actual Cost Method
This one takes more effort. You calculate and prove the exact work-use portion of each bill — internet, phone, electricity — and keep all your receipts. It can offer a higher deduction, but only if you've had large expenses and kept full records.
Our Advice: Don't Guess. Check What Works for You.
Some taxpayers go straight for the fixed rate. Others assume actual cost is better. But it depends on your setup.
"People working from a dedicated home office with big expenses might benefit from the actual cost method," says Puneet Singh, Director at Nanak Accountants. "But for most people, the new fixed rate is easier — and often just as effective."
What You Can Claim
If you're working from home, you may be able to claim:
- Part of your internet and mobile phone bills
- Electricity and gas used while working
- Stationery and computer consumables
- Equipment like monitors or ergonomic chairs (as depreciation)
But remember: claims must be for work use only — not personal. And shared spaces like the kitchen table? They often don't qualify.
More on Rezul News
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Clarity for Arizona Landowners Feeling Stuck or Unsure
- Mikel DeFrancesco Named RealTrends Top Realtor in Quincy, Milton & South Shore MA
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
No records? No deduction. The ATO can reject your claim or amend your return.
How Nanak Accountants Can Help
At Nanak Accountants & Associates, we guide clients through the WFH deduction process every step of the way. We:
- Compare both methods to see what gives you a better refund
- Ensure all claims are backed by records
- Handle all ATO compliance and paperwork
Let our experienced team make sure you claim what you're legally entitled to - and nothing gets missed.
Source: Nanak Accountants & Associates
Filed Under: Business
0 Comments
Latest on Rezul News
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- Garden City Realty recognizes top REALTOR®s of the Month and Quarter
- Maui Investment Property Realtor Shares the Wonders of Stargazing on Maui!
- Houston Office Market Report | Q2 2025
- Yes, Islamorada is The Fishing Capital of The World, Here's Why!
- Corner Property Management Selected as New Management Company for Orange COA
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Veteran Home Advantage Expands to Virginia, Offering $0 Down and $0 Closing Costs to Veterans
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- Dedeaux Properties Begins Construction on Truck Terminal and Industrial Outdoor Storage Facility
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco