Living Away From Home Allowance (LAFHA) – Maximise Your Tax Benefits with Australian Accountants

What is LAFHA?

The Living Away From Home Allowance (LAFHA) is a tax concession designed to help employees offset the additional costs associated with working away from their usual place of residence. Specifically, LAFHA is intended to compensate employees for the extra living expenses they incur while maintaining a second residence. Eligible LAFHA components include allowances for food, accommodation, and other select costs that fall under an employee’s PAYG (Pay As You Go) tax obligations. By utilising LAFHA, you can significantly reduce your taxable income and increase your take-home pay.

Comprehensive LAFHA Services for Employers and Employees

At Australian Accountants, we offer a complete range of LAFHA services, including:

Eligibility Assessment: Our tax professionals assess your eligibility for LAFHA and determine the specific allowances that apply to your situation.
Documentation Preparation: We assist in preparing and organising all necessary documentation, ensuring that your LAFHA claim is compliant with the latest regulations.
Tax Calculations: Our team calculates the exact tax implications of your LAFHA claim, enabling you to plan your finances with confidence.
Ongoing Support: Whether you’re new to LAFHA or have used it before, we offer ongoing support to help you manage your LAFHA allowances and stay compliant year after year.

Get Professional Advice on LAFHA Before You Go

If you’re planning to work away from home, it’s essential to consult with a qualified tax professional to review your eligibility and prepare your LAFHA claim. Our team at Australian Accountants offers convenient consultations via Skype, telephone, or email, allowing you to access expert advice no matter where you are. We’ll guide you through the entire process, from initial eligibility assessment to final documentation, so you can focus on your work and enjoy peace of mind knowing your tax affairs are in order.

Start maximising your LAFHA benefits today – call Australian Accountants or reach out to us online to book a consultation!

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Why Choose Our LAFHA Services

Our LAFHA services at Australian Accountants are designed to simplify and maximise your Living Away From Home Allowance benefits. With our team’s guidance, you can optimise your LAFHA claim, remain compliant, and increase your take-home pay with ease.

Expert Eligibility Assessment: Our knowledgeable tax professionals carefully assess your eligibility for LAFHA, ensuring you can access the allowances that suit your unique situation and maximise your potential benefits.
Precise Documentation Preparation: We handle all necessary documentation, keeping your records compliant and organised according to the latest legislation so you can file with confidence and avoid penalties.
Detailed Tax Calculations: Our team provides accurate tax calculations for your LAFHA claim, helping you understand the financial implications and optimise your net take-home pay.s.

Comprehensive Ongoing Support: Whether you’re new to LAFHA or need to update an existing claim, we offer year-round support to help you maintain compliance and maximise your benefits every tax year.

Contact Australian Accountants for Expert LAFHA Assistance

Don’t miss out on the tax benefits available to you through the Living Away From Home Allowance. Contact Australian Accountants today to speak with our team of accountants and tax advisers. With our guidance, you can rest assured that your LAFHA claim is handled professionally, accurately, and in compliance with all current regulations.

Make an enquiry

Book an Appointment

Frequently Asked Questions

Who is eligible for LAFHA?

LAFHA is available to employees who need to live away from their usual residence due to work requirements. To qualify, you must maintain a primary home in Australia that you continue to live in when not required to work away. Each case is unique, so it’s best to consult with a tax professional at Australian Accountants to assess your specific eligibility.

What expenses can be covered under LAFHA?

LAFHA covers additional expenses incurred from maintaining a second residence. This typically includes food and accommodation costs. In some cases, other select expenses may also be considered. Our team at Australian Accountants can help you identify which costs you can claim based on the latest regulations.

How can LAFHA impact my tax obligations?

LAFHA reduces your taxable income, which can result in significant tax savings. However, it’s essential to ensure that all LAFHA claims are accurately calculated and compliant with current legislation to avoid penalties. Australian Accountants will work with you to calculate your tax savings and ensure your claims meet all legal requirements.

What happens if my LAFHA claim is incorrect?

The Australian government has implemented strict guidelines and penalties for incorrect or overstated LAFHA claims. Errors can result in fines or other penalties. Our accountants are well-versed in LAFHA regulations and provide thorough documentation and compliance checks to help you avoid costly mistakes and ensure that your claim is accurate.

Our Services

Accounting & Tax
Compliance

All Compliance and
Regulatory Reporting
All Regulatory submissions
Tax Structuring

Outsourced Back
Office and CFO

All Backoffice for
International businesses
Employer of Record Services
Outsourced CFO Functions
Payroll – AP – AR & Reporting

Business Establishment
& Growth Advisory

Business Financing & Grow
Wealth Advisory
Grant Application – R&D
and Others
Business Valuation Services

Complex Tax &
ATO Investigations

Major ATO Tax Reviews
and Investigations
Cross Border Taxations
Advisory, representation and
submissions of private ruling

Who We Serve

International

Capitalise on our expert knowledge and experience of over 20 years successfully transitioning international companies into Australia.

Business

Streamline your business accounts with ongoing advice and management.

Personal

Maximise your tax refund, ensure compliance and optimise your personal accounts with our expert tax advice.

SMSF

Obtain greater control and value from your super through an SMSF.

We offer comprehensive SMSF and tax services

Who We Are

Rasika Dayananda is the CEO of Australian Accountants which has over 25 years of experience in helping Australian and International business owners to overcome the complexities of tax, accounting, business structuring for growth and other regulatory challenges.

We use our highly specialised advisory and personalised services in taxation, businesses growth , outsourced accounting and CFO services to build a successful Australian business, achieving the goals of it’s owners with all compliance and tax matters professionally managed.

Learn more

Why Choose Us

25+ Years
Accounting &
Tax Expertise

15+ Years
Big 4 Accounting
Expertise

10+ Years
Business
Establishment
& Growth

International
Business Setup
Employer of Record
Specialist

Complex
ATO Tax &
Investigation,
and Cross Border
Tax Expertise

Top-tier
Quality at
Competitive
Rates

SMSF
Administration
Services

Industry
Specialist
Expertise

Hotels, Pubs, Restaurants & Catering
Building and Construction
Professional Services
Medical & Dentistry
Technology

What Our Clients Say

Many thanks for your assistance with my debt to the ATO,
the enthusiasm and commitment you brought to the task
greatly relieved the stress that I was under. The outcome
that was achieved was very fair and I cannot express my
thanks enough. I will definitely continue to bring my future
business to you and will highly recommend your service
to others.

Once again many thanks and kind regards.

Grant Swanson
Rasika and I both worked for PricewaterhouseCoopers and legacy firms, Rasika worked first in Colombo, then in Fiji, and lastly in Southern Africa. Rasika left PWC and migrated to Australia to join a Sydney-based second-tier firm, where he was soon made a partner. During his tenure at PWC Rasika worked directly with me in the middle market Assurance Division. Rasika played a leading role in growing the practice not only by providing excellent service to existing clients but also by pursuing new clients and business development opportunities.

R P De Silva
I have known Rasika for many years and worked with him closely over a long period. Rasika is tremendously hard-working and extremely focused on getting the best result he can for his clients. Whether it is an audit or a complex tax problem, Rasika will work tirelessly to achieve an outstanding result. He has vast experience obtained in Australia and overseas and consistently delivers outstanding service and results. I am very happy to see Rasika in Charge of Australian Accountants professional services firm as I believe there are few professionals like him.

David Lamb FCA
Rasika’s advice and guidance on corporate structuring, transaction structuring and tax and general accounting has been invaluable to us right from the outset of our incorporation through to our successful listing on the ASX. His constant focus is on providing solutions that work for business.

Keith Cullen

We will work
with you to overcome

the complexities of taxation, accounting, and
all other regulatory compliance challenges,
while helping you strategically to build
a successful Australian business.

Talk to Us

If you wish to contact Australian Accountants to arrange a meeting about your accounting and taxation requirements, please do not hesitate to contact us.

Email Us
info@australianaccountants.com.au

Chatswood Head Office
Level 3, 845 Pacific Highway Chatswood NSW 2067
(Entrance via Railway Street)

Sydney Office (by appointments)
Suite 1401, 56 Pitt Street, Sydney, NSW 2000

Parramatta Office
Level 49, 8, Parramatta Square, NSW, 2150

Our staff qualifications include PhDs and masters, BSC and economics in taxation.
We are registered tax agents, ASIC agents, and forensic accountants

ABN: 29 156 504 424

Living Away From Home Allowance (LAFHA)