Mr Taxman
Change the way you feel about taxes.
Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
  • click to visit Mr Taxman on Twitter
  • click to visit Mr Taxman on FaceBook
  • rss

Operating a business from home

Sep 30, 2010

Can I work from home?

Some businesses are better suited to home locations than others. Where the operator travels to the client's premises and does the desk work at the home/office, this style of operation is appropriate. Working from home can be isolating and those who work from home generally do so on their own, so they are unable to rely on outside motivation. Home-based business operators are advised to join clubs or business network groups to ensure that they keep abreast of industry issues that may affect their business.

Do I need to speak to my local council before starting business?

Before you start operating your business from home, it is advisable to check with your local council to see if there are any permits that may be required. Before signing a lease or commencing a business from home it is necessary to speak to your local council to check that the area is zoned for that type of business. In some instances, special permits or licences may be required. Also it is necessary to make sure you comply with some of the regulatory requirements, such as health issues, particularly in food preparation and distribution, and also environmental protection regulations regarding air and water pollution and noise control.

What expenses can I claim for tax?

There is extensive legislation & court rulings in relation to home office expenses. Some expenses that may be deductible include:

  • portion of rent;
  • portion of mortgage interest, council & water rates;
  • telephone/facsimile;
  • computer;
  • office furniture;
  • cleaning;
  • electricity;
  • stationery; and
  • reference books

Tags: Small BusinessStarting a Business

Author: Mr Taxman

Comments

Post a New Comment

Media Availability

Are you interested in booking Mr Taxman for a speaking engagement or requesting his viewpoints for an article?

comments-rhsLatest Comments

  • "Hassle free, easy to do online and quick payment. All with low interest rates. What more can you ask for. A Very simple and quick process to get the money I needed to borrow. I would recommend..."

    By: James Carl at Sep 26, 2017 10:24AM

    Post: Marriage

  • " Thank to you Dr Blessing for your great and powerful love spell you did for me to bring me lover back to me i never believed real spell caster still exist till i came across your email..."

    By: maggie at Sep 26, 2017 10:11AM

    Post: Marriage

  • "Hi, I moved to Australia in Feb 2016 and settled in Sydney. In July i got job in Newcastle but could not move there with family so opted the option of acquiring a temporary accommodation and going to..."

    By: Syed Sajjad Raza at Sep 23, 2017 2:37AM

    Post: Claiming car expenses

  • "Hi Mr. Taxman, I've been doing full-time FX trading for a few years.. on average about 50k USD a year in expenses and 250k - 500k USD a year in pnl. In the US I can deduct expenses and pay around..."

    By: liqdub at Sep 21, 2017 8:34AM

    Post: Foreign currency trading

  • "Why didn’t I think of that? I could have split my income with my wife years back and saved loads! Also I think I have put in more money in my super than required. Thanks, will correct the mistakes I..."

    By: Mike Watson at Sep 18, 2017 1:09PM

    Post: Ten tax tips for small business