Work Office Expenses # Accounting # Bookkeeping #Accountant # Bookkeeper #Tax #Affordable

Calculating your expenses

For the 2019–20 income year, there are three ways of calculating home office expenses depending on your circumstances. The methods are the:

Shortcut method (80 cents per work hour) – available 1 March to 30 June 2020 (this method can also be used during the period from 1 July 2020 to 30 June 2021 but that period will need to be claimed in your 2020–21 tax return)

Fixed rate method (52 cents per work hour)

Actual cost method.