RS ROY SPAGNOLO & ASSOCIATES Chartered Accountants INCREASE TO RATE FOR WORKING FROM HOME RUNNING EXPENSES From 1 July 2022, the ATO's PCG 2023/1 introduces a revised fixed-rate method for claiming work-from-home expenses. Taxpayers can claim 70 cents per hour for additional running costs like electricity, gas, internet, phone, stationery, and computer consumables. This method excludes occupancy costs such as rent or mortgage interest. Alternatively, taxpayers may still use the actual cost method, requiring detailed records. A dedicated home office is not required, and each household member can choose their preferred method independently. A CHARTERED ACCOUNTANTS AUSTRALIA NEW ZEALAND VNIA NANCIAL WIP 7109 59 193 Yambil Street, Griffith NSW 2680 Ph: 6964 4400 | www.royspagnolo.com.au Like Us On facebook RM8465742 RS ROY SPAGNOLO & ASSOCIATES Chartered Accountants INCREASE TO RATE FOR WORKING FROM HOME RUNNING EXPENSES From 1 July 2022 , the ATO's PCG 2023/1 introduces a revised fixed - rate method for claiming work - from - home expenses . Taxpayers can claim 70 cents per hour for additional running costs like electricity , gas , internet , phone , stationery , and computer consumables . This method excludes occupancy costs such as rent or mortgage interest . Alternatively , taxpayers may still use the actual cost method , requiring detailed records . A dedicated home office is not required , and each household member can choose their preferred method independently . A CHARTERED ACCOUNTANTS AUSTRALIA NEW ZEALAND VNIA NANCIAL WIP 7109 59 193 Yambil Street , Griffith NSW 2680 Ph : 6964 4400 | www.royspagnolo.com.au Like Us On facebook RM8465742