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Australianbiz Accountants Forum → Sample Questions & Answers → Recordkeeping for WFH Deductions
 

Topic: Recordkeeping for WFH Deductions

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Recordkeeping for WFH Deductions
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What records do taxpayers need to keep to substantiate the number of hours worked from home under the new revised fixed rate method?



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In order to claim a deduction under the new "revised fixed-rate method" of multiplying hours worked at home by 67 cents per hour, then according to the ATO, individuals must keep actual records of the time worked from 1 January 2023.

The Tax Office has made it very clear that it will not accept estimates of the time worked.

Accountants should ensure that clients keep an Excel spreadsheet or physical diary to record the actual hours they are working from home.



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The ATO has just finalised its position on the recordkeeping requirements for claiming WFH deductions under the revised fixed rate method. The requirement to keep a record of actual hours worked was scheduled to apply from 1 January 2023, but will now apply from 1 March 2023.



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