The quick read
Key points
- Describe actual use.
- Keep source bills and periods.
- Retain the reviewed allocation.
Describe the space and its use
Record the location, dates and actual activities performed in the workspace. Preserve measurements or other evidence your adviser requests. Identify shared or personal use clearly rather than labelling an entire household cost as rental activity.
Gather source costs
Collect relevant bills, payment records and the period each covers. Keep ownership or rental documents available if requested. Do not enter a second expense merely because the same bill appears in both a household folder and a business review file.
Document proposed allocations
Keep any allocation worksheet separate from booked amounts until reviewed. Identify the inputs, dates and reason for the method. An allocation percentage should be reproducible from evidence, not chosen to match a desired deduction.
Retain the reviewed instructions
Ask your tax professional about eligibility, methods and the approved treatment. Record only the supported entries they direct and keep the explanation. IQ does not determine home-office eligibility; this is not tax advice.
Before you finish
- Describe actual use.
- Keep source bills and periods.
- Retain the reviewed allocation.
Keep your next step simple.
Use the product guide for the app workflow, or contact support with your question. Bookkeeping reports are not tax advice; review filing decisions with a qualified professional.