Did you Work From Home In 2021? How About Now? Want A Tax Deduction For The Business Use Of Your Personal IT?

April 14, 2022
Did you Work From Home In 2021? How About Now? Want A Tax Deduction For The Business Use Of Your Personal IT?

Do You Pay Taxes In Canada?

Did You Work From Home At Any Time In The Last 3 Years

Did You Use Your Personal Smartphone For Business Purposes Any Time In The Last 6 Years?

Get Up To A $1,000 Tax Deduction For 2021 Usage & Cost & Up To $6,000 In Tax Deductions For Previous Years

Free 30 Day Trial (Promo Code : LITD11) : https://lnkd.in/gPNsmaB7

170m Americans in 24 US States are required to be reimbursed for their WFH Smartphone Costs : https://www.linkedin.com/feed/update/urn:li:activity:6821470670711586816/

This is also true in many Eurozone countries : https://www.linkedin.com/feed/update/urn:li:activity:6778312565639516160/

15m Canadians are working from home : https://www.linkedin.com/feed/update/urn:li:activity:6758394180403392513/

And the local tax authority (CRA) is allowing you to claim the WFH costs as a tax deduction : https://www.linkedin.com/feed/update/urn:li:activity:6745346401477230592/

We were featured in a 13 minute interview by the most prominent Tax Training firm in the country on this topic : https://www.linkedin.com/feed/update/urn:li:activity:6912407612831469569/

If you live in the US the IRS will let you go back 3 years, so up to USD $3,000 retroactive tax deduction is possible.

If you live in Canada the CRA will let you go back 6 years, so up to a CAD $6,000 retroactive tax deduction is possible.

We have 2 capabilities in the same app :

  1. Our Time Machine capability provides this retroactive capability (true for Gig Workers & WFH Employees) : https://lnkd.in/dG5MPP3X
  2. Mobile Cost Management will get you the tax deduction on a go forward basis (2022, 2023, etc.)

Class Action Lawsuits (Employee vs. Employer) are going through the roof on this issue : https://www.linkedin.com/posts/thomdamstra_innovation-management-humanresources-activity-6919681117763571712-uDBW?utm_source=linkedin_share&utm_medium=member_desktop_web

Audit Activity Is Spiking On WFH Tax Cellphone Tax Deductions : https://lnkd.in/dpD2GgVV

Gig Worker Deductions : https://www.linkedin.com/posts/thomdamstra_canada-revenue-agency-cra-to-target-gig-activity-6917856996691968001-jh2S?utm_source=linkedin_share&utm_medium=member_desktop_web

Some interesting stats :

75% of employees never want to go back to an office Monday to Friday 9am to 5pm : https://lnkd.in/gQzqrcTX

On average employees wish to work 3.5 days per week at home : https://lnkd.in/gsH6-xSN

90% of employees surveyed feel that they should be reimbursed for the business use of their personal IT assets : https://lnkd.in/gXFZzts7

59% of all employees surveyed get neither a cellphone nor reimbursement for BYOD : https://lnkd.in/gpxr4HC

80% of all employees surveyed get neither Home Internet provided for them nor reimbursed : https://lnkd.in/gMrv--_j

85% of all employees surveyed used their Personal IT in 2021 : https://www.linkedin.com/posts/richard-dipilla-foundergga_sales-drivers-uber-activity-6904791708412768256-Ectd/

30 Second Explainer Videos On How We Lower Costs For Employees/Gig Workers & Employers :

Employee WFH / BYOD Reimbursement : https://lnkd.in/dvdupVwz
Employer WFH / BYOD Cost Savings : https://lnkd.in/dZ3wU9bW
Carrying 2 Phones? Save $1,500 Annually On Cell Bills : https://lnkd.in/gCZXXXSM

Employee & Employer Cost Sharing For Win/Win : https://lnkd.in/grWgF8Tp

Smartphone Tax Deduction Changes For US Gig Workers : https://lnkd.in/ggAfRWhc
Smartphone Tax Deduction Changes For Canadian Gig Workers : https://lnkd.in/gHFXa5nC
Smartphone Tax Deduction Changes For Australian Gig Workers : https://lnkd.in/geT95ZTM

Gig Worker & Employee Tax Deduction/Reimbursement For Previous Years : https://lnkd.in/dG5MPP3X
Canadian employee tax deduction : https://lnkd.in/gUhm-chC

Get $30 To $80 Tax Free In The Form Of Reimbursement Or Tax Deduction (Employee & Gig Worker) : https://lnkd.in/gQzB8ujx

Smartphone global tax trends : https://lnkd.in/dbvArumk