Going into business with someone is just like a marriage. It’s helpful to agree on stuff up front. Finding out 6 weeks in that your wife doesn’t want kids - problematic. When she invites her mother to stay 3 months without checking first – not ideal.
A new method is available to calculate how much of your home office costs you can write off for tax purposes.
The new method will often give a better result than the old method. It is also faster and easier to apply and calculate.
The new method is not compulsory and tax payers can still use the old method.