Forum Discussion

centralhc's avatar
centralhc
11 days ago

Home office tax deductions

When preparing a BAS, how/where do I enter the tax deduction amount for home office? 

 

BAS
  • Earl_HD's avatar
    Earl_HD
    9 days ago

    Hi centralhc,

    To enter the tax deduction amount for a home office when preparing a BAS, you'll need to include it in the relevant expense category. Typically, home office expenses can be claimed under the Other operating expenses. We also recommend recommend reaching out to an accountant for an accurate solution. 

    Regards,
    Earl

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    9 days ago

    Hi centralhc,

    To enter the tax deduction amount for a home office when preparing a BAS, you'll need to include it in the relevant expense category. Typically, home office expenses can be claimed under the Other operating expenses. We also recommend recommend reaching out to an accountant for an accurate solution. 

    Regards,
    Earl

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    6 days ago

    centralhc 

     

    As Earl states, you should consult with your Tax Accountant.

     

    The subject of Home Office Expenses is complex

     

    I would have the Home Office Expenses in the Expenses section of the P&L.

     

    Duncan Smith

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