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Temporary shortcut for estimating home office expenses Due to COVID, the ATO are accepting a temporary shortcut method for calculating home office expenses of cents per hour for all additional running expenses from March until September . Be extremely careful and seek professional tax advice when USA WhatsApp Number List claiming occupancy expenses for your homebased business, as there will be capital gains tax implications if you sell your home. Clever ways to reduce your small business tax bill Looking for even more ways to lower your tax bill? Introducing the small business tax offset.
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