Trending...
- Introducing Red Bear Ventures (RBV), A New Community-First Investment Platform Investing Exclusively in Cornell-Affiliated Companies
- TORmem Unveils Revolutionary Memory Disaggregation Platform for AI Infrastructure
- Food Journal Magazine Launches as the Ultimate Guide to Food Festivals and Culinary Culture
New ATO rules for claiming WFH expenses apply from 1 July 2024 — Nanak Accountants helps clients claim smarter and avoid costly mistakes.
MELBOURNE, Australia - AussieJournal -- 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 Aussie Journal
✅ 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 Aussie Journal
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 Aussie Journal
- Elevating Global Status, Shincheonji Taekwondo Team Wins Medals Again in International Competition
- Macon's Historic Douglass Theatre Names Toni Simmons Henson as Artistic Director for Inaugural Series Celebrating the Spirit of American Theatre
- Natural Field Celebrates 20th Anniversary, Advancing Functional Ingredients Globally
- Pat Mesiti Launches Programs to Equip a Generation for Prosperity Through Mindset & Self-Education
- Shincheonji Taekwondo Team Wins Medals Again in International Competition, Elevating Global Status
✅ 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 Aussie Journal
- Anern Shines at SOLAR AFRICA 2025 with Integrated Solar + Storage Solutions
- Grounds For Liability in a Personal Injury Claim
- How Early Learning Centres Can Build Resilience in Your Child
- 'The Tech Neck Epidemic: How Screen Time Is Negatively Impacting Our Spine,' Says Auburn Chiropractor Dr. Gordon Fimreite
- DivX Unveils Revamped Resource Guide to Help Users Easily Convert MKV to MP4
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 Aussie Journal
- Magic Data Recovery Released 2025 Advanced File Recovery Tool for Windows Users
- Prvidr launches new parent brand Advantai Group
- New Jersey Unveils Official Portrait of Former Lt. Governor Kim Guadagno, Mercy Center President & CEO
- Athabasca University Elevates its Learning Environment with PebblePad
- Proyecto de Singapur Rejuvenecimiento de Mandai
- IQSTEL (N A S D A Q: IQST) Surging Past Mid-Year Revenue Goals with $128.8M, Eyes $400M Run Rate and $1B Future; Analyst Coverage Targeting $18-$22
- How Much Can I Claim Without Receipts in Australia 2025? Nanak Accountants Explains
- A Sunshine Coast Cabin Getaway Can Help You Create Wonderful Memories
- Tevuna Unveils Maritime UBO Tool That Exposes Hidden Owners Where Enforcement and Tools Fail
- Tax Update: Deductions For ATO Interest Charges Scrapped
- Save 15 Percent Off Florida Keys Accommodations with KeysCaribbean's 90-Day Advance Purchase Rate Discount
- 24-Hour Broadcast Solely Featuring KCON LA 2025 Performers' Songs, and Instagram Prize Event
- Cool Roof Rebates in Los Angeles Help Lower Roofing Costs and Cut Energy Bills
- Har Dental Expands: New Locations in Plainview and Slaton, TX
- Ali Hasham Launches Revenue Optics to Help B2B Companies Build AI-Enabled Inside Sales Teams That Drive Real Growth
- TORmem Unveils Revolutionary Memory Disaggregation Platform for AI Infrastructure
- How Our Morayfield Childcare Centre Can Develop Your Child's Independence
- Why Winter Is a Smart Time to Service Your Home Air Conditioner
- Introducing Red Bear Ventures (RBV), A New Community-First Investment Platform Investing Exclusively in Cornell-Affiliated Companies