IT'S ESTIMATED that close to one million businesses in Australia are home based and this sector is considered to be one of the fastest growing business sectors.
For those who choose to operate a business from home there are many benefits including a better work-life balance where you can adjust your hours to suit the needs of family or your busy lifestyle and the ability to avoid any costs involved in renting a space for your business.
One of the biggest benefits that often goes unrealised by those who work at home, is the opportunity to claim deductions for any of the depreciable assets used for the purpose of operating the business.
