If you are self-employed or an independent contractor, you can generally claim all business-related home office expenses as taxable deductions.
However. if you are employed, you can only claim business-related expenses whilst working from home if:
> more than 50% of your income is variable, or
> you spend more than 50% of your working hours performing work from home
That’s where our FREE Excel Working from Home Tracker Tool comes in – as remote-working seems here to stay, you can use it to easily track which days you spend working from home vs at the office – and automatically compare at the end of the year to confirm if you meet the 50% threshold.
Download our FREE Excel Working from Home Tracker Tool by clicking on the “Download Now!” button below:
If you’re interested in more information on Things to Ask your Accountant about Working From Home, check out our original Infographic here.
Disclaimer: the above information is not intended as advice. Your specific circumstances may vary. Please speak to your Accountant or Registered Tax Practitioner for more information.