24 month expense rule

[cannon999]

Bascially, if more than 40% of your time over the previous 24 months has been spent on site, you cannot claim.

I see so effectively I would need to start working from home now? whislt I haven't reached the 2 year mark?

[Lance]

I see so effectively I would need to start working from home now? whislt I haven't reached the 2 year mark?

and get below 40% before you think that you'll exceed 2 years.... oops. that bit's too late now.

[cannon999]

and get below 40% before you think that you'll exceed 2 years.... oops. that bit's too late now.

What if I close the company down and open a new one?

[Lance]

What if I close the company down and open a new one?

nope. It's your place of work that needs to be temporary. Nothing to do with your company. This is about reimburement of expenses.....

You fired your accountant???????

[northernladuk]

Jesus.

Get an accountant man.

[Paralytic]

Jesus.

Get an accountant man.

Macro invoked

[northernladuk]

Macro invoked

Not really. The macro is ask your accountant but the OP doesn't have one.

In some cases, including this one, it's just the best advice.

If he's struggling reading any articles or stickies, which he clearly hasn't despite being told to, then he needs more help.

[WTFH]

Did you get rid of your last accountant because he knew what he was doing and advised you accordingly, but you didn’t like his advice?

[Lance]

Jesus.

Get an accountant man.

Jesus doesn't need an accountant.
He did build my hot-rod though..

[malvolio]

It's threads like this that make you wonder why you bother...

Perhaps I should rewrite the sticky in words of one syllable:

If you go to a place where you do work more than three days a week and you do not go there and do work for more than two days a week then you are caught by the two year rule on tax... Ermm, no, CBA, it's already as simple as I can make it