News & Updates

We understand the specific bookkeeping & accounting needs of small, medium and corporate businesses, so we tailor our tax filing services and bookkeeping services to meet your needs. We also have tips & trends regarding these topics in our articles and blogs. Check it out!

Working from Home - Expenses
 

With more homes becoming a place where business is being conducted, there can be relief for expenses in the home.

You. can claim expenses including electricity, internet, property taxes etc up to the particular percentage being used for business.

  • The percentage of your home that is being used to conduct business is considered the space used (1 room in a 5 room home is 20%)

  • Direct purchases such as a printer or office supplies are 100%

  • These expenses CAN NOT be shared back to the employer, and are considered as part of your own personal tax return.

Household Expenses

Declaration of Conditions of Employment can be included in your Tax return for business related expenses incurred while working from home.