Accountant Ringwood – Family Day Care: Claiming Home Based Expenses

As Tax Experts in Family Day Care industry, we, CLY Tax Accountants & Bookkeepers Lilydale, have been helping a lot of Family Day Care Educators in Ringwood, Croydon, Craigieburn and Shepparton claim proper tax deductions for their Tax Returns. One of the most important tax deductions is their home based expense. Most Family Day Care Educators run their business at home, so if you are also one of them, you may be entitled to claim part of your home running expenses or home occupancy expenses.

Usually there are two generally accepted methods by the Australian Taxation Office of calculating the home based expense, namely the working hour method and the house area method. However, we’ve also been through some cases where the auditors didn’t accept any of the above methods, especially when the educators were claiming big refunds.

So if you are not sure about how much expense you can claim or what would be the possible capital gain tax consequences you may have, feel free to Contact our Tax Agents / Accountants today at CLY Tax Accountants & Bookkeepers Lilydale and we are happy to help.