Hi,
I’m the founder and director of a recently established Pty Ltd company. At this stage, the company is generating a small profit, so I’m not yet receiving a salary or director fee.
However, I do incur work-from-home expenses in the course of managing and delivering the company’s work. Personally, I have other sources of income, such as bank interest and family trust distributions.
I’m seeking advice on the best way to claim these work-from-home expenses. Specifically:
- Can I claim these WFH expenses personally against my other income (given I’m not being paid by the company)?
- Alternatively, can the company reimburse me for the expenses, and claim the reimbursement as a deduction?
- Or would it be better for the company to start paying me a small salary or director fee so I can claim the WFH costs as an individual? I prefer not to do this if possible, as it involves other obligations.
I’d appreciate your guidance on the most appropriate option.
Regards,