WA Treasurer, Hon Rita Saffioti MLA handed down the 2024-25 Western Australian State Budget on Thursday, 9 May 2024. A $3.2 billion operating surplus is expected in 2023-24 with a $2.6 billion surplus forecast for 2024-25. 

The Australian Taxation Office (ATO) released Practical Compliance Guideline (PCG) 2023/1 which sets out the revised rate for taxpayers wanting to claim work from home expenses using a fixed rate. From the 2023 financial year onwards, taxpayers will only be able to claim working from home deductions based on either the ATO's revised fixed rate, or actual costs.

Moore Australia today reminds individuals in Australia to keep a diligent log of the hours they worked from home during the recent COVID-19 lockdown.  This will help them claim their allowable tax deductions when it becomes time to submit their tax return.