Accountants say working from home reimbursements should be easier - News Summed Up

Accountants say working from home reimbursements should be easier


Working remotely sometimes incurs costs which should not be borne by the employee, chartered accountants say. Accountants have welcomed a decision by Inland Revenue to extend tax relief for employers of remote workers facing extra costs. But they say the provisions, which has been shifted until September, need to be more permanent to reflect the long-term trend of working from home. Inland Revenue has twice extended a tax provision to help employers contribute to out-of-pocket expenses of employees working from home. Previously, employers had only been allowed to make a $5-a-week tax-free payment to employees working from home, for phone expenses, before needing evidence of their expenses.


Source: Stuff February 18, 2021 01:07 UTC



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