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Welcome to Gleeson & Partners
At Gleeson & Partners we appreciate the individuality of people and businesses and are committed to providing solutions tailored to suit your particular situation. We work alongside you to solve problems that arise and help you reach your financial goals.
The team of focused, friendly accountants at Gleeson & Partners offers a wide range of expertise and experience in business, taxation, financial planning, and wealth creation.
For more information on how our expertise can benefit you, contact us today!
Working from Home Claims for 1 March to 30 June
The ATO has announced special arrangements this year due to COVID-19 to make it easier for people to claim deductions for working from home.
There are three ways that taxpayers can choose to calculate their additional running expenses for the 1 March - 30 June period:
claim a rate of 80 cents per work hour for all additional running expenses
claim a rate of 52 cents per work hour for heating, cooling, lighting, cleaning and the decline in value of office furniture, plus calculate the work-related portion of your phone and internet expenses, computer consumables, stationery and the decline in value of a computer, laptop or similar device, and
claim the actual work-related portion of all running expenses, which need to be calculated on a reasonable basis.?
The ATO is also reminding people that the three golden rules for deductions still apply. Taxpayers must have spent the money themselves and not have been reimbursed, the claim must be directly related to earning income, and there must be a record to substantiate the claim.
Claims for working from home expenses prior to 1 March 2020 cannot be calculated using the shortcut method and must use the pre-existing working from home approach and requirements.
The ATO will review the special arrangement for the next financial year as the COVID-19 situation progresses.
Expenses you can't claim
If you are working from home only due to COVID-19, you:
cannot claim occupancy expenses such as mortgage interest, rent and rates
cannot claim the cost of coffee, tea, milk and other general household items your employer may otherwise have provided you with at work.