What is Work from Home Tax Deduction

Working from home has become a popular option for many people, especially those in the accounting and tax field. It allows for a more flexible lifestyle and can be a great way to save on commuting costs. However, there are a few things you need to keep in mind if you want to make sure your work from home arrangement is ATO compliant.

Here are some tips for making sure your work from home arrangement is ATO compliant:

- Make sure you have a dedicated work space set up in your home. This can be something as simple as a desk in a spare room or an office set up in your basement.

- Keep track of your expenses related to working from home. This includes things like internet service, utilities, and any office supplies or equipment you may need.

- Be sure to let your employer know that you are working from home. This is important for tax purposes and also so that your employer can provide you with the appropriate insurance coverage.

Following these tips will help to ensure that your work from home arrangement is ATO compliant. Accounting and tax can be complex, so be sure to seek professional advice if you have any questions.