Redraw blurred strains between paintings and residential, ATO warns

Talking in this week’s Accountants Day-to-day podcast, Mr Watson stated it was once considered one of 3 key messages for companies this yr.

“It’s been round for some time as a topic, however most likely as we’ve all skilled over the previous few years, one of the vital strains between paintings and residential have blurred as we’ve long gone into lockdowns and plenty of trade homeowners – they could have trade premises – however have achieved extra figure out of domestic,” he stated.

“Simply ensure that apportionment is going on and also you’re now not simply claiming trade bills that come with a component of personal expense.”