WFH Vs. Home-Based Businesses. Yes, There’s A Difference #shorts

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Working from home is DIFFERENT to home-based businesses when it comes to taxes. It’s important not to get this wrong, you don’t want to be claiming ineligible items!

So what’s the difference?

If you’re an employee working from home, your deductions are limited to expenses you incur while working, like electricity, phone, or internet.

However, if you use your home as a place of business while still doing most of your work at home, you can claim further expenses, such as rent and insurance.

#daviemach #WFH #business #homebased

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