Work-from-home shortcut method extended

In response to “continued extenuating circumstances of COVID-19” and further lockdowns since 1 July, the Tax Office said it has extended the deduction shortcut until 30 June 2022.

by | 18 Oct, 2021

Working holiday maker or Australian tax discrimination?

This will see taxpayers able to claim the 80 cents per hour temporary shortcut method to calculate working from home deductions. The ATO flagged that the existing fixed-rate method (52 cents per hour) and the actual cost method are still available options for members or clients to use.

Read more at Accountants Daily

More from Public Accountant

The good, the bad, and the uncertain of Australia’s economic outlook

The good, the bad, and the uncertain of Australia’s economic outlook

From bean-counters to cyber-sleuths: how accountants are a frontline defence against online crime

From bean-counters to cyber-sleuths: how accountants are a frontline defence against online crime

Techno-nationalism: how tech tensions between the United States and China could impact Australia

Techno-nationalism: how tech tensions between the United States and China could impact Australia

How to make accounting education fun and students job ready

How to make accounting education fun and students job ready

Making the world go round: what exactly is money?

Making the world go round: what exactly is money?

Unilateral trade: Trump’s recent tariff threats demonstrate that no issue is off limits

Unilateral trade: Trump’s recent tariff threats demonstrate that no issue is off limits

Share This