Falling Work Hours Catalyst for Home Office Activity
Archicentre News Release
Falling Work Hours
Catalyst for Home Office Activity
hours of work being offered to Australians is likely to translate in an increase
of home offices as people look for ways to boost their incomes in the current
economic downturn, Archicentre, the building advisory service of the Australian
Institute of Architects said today.
General Manager David Hallett said the attraction of the home office is
that it can be set up quickly with limited funds and can also have some
tax deductions attached to its' operations.
Bureau of Statistics (ABS) figures published earlier this month which
showed Australian workers on average were being offered half a day less
work a week would add impetus to an already growing home office market
years ago renovations incorporating a home office accounted for approximately
5% of Archicentre design concepts. Today 7 out of 10 Archicentre Design
Reports incorporate a home office / study area with people taking advantage
of internet access and the change in employment patterns where many people
work as a consultant or outreach workers for companies."
Mr Hallett said that the home office trend is being fuelled by significant
corporate restructuring in both the private and government sectors. This
restructuring has led to an increased number of unemployed professional
people at around 45 to 50 years of age looking for employment. Often the
only way these people can become employed is to start their own business.
"Young professionals, especially
women involved in starting a family, are also part of the emerging home office
"People purchasing a property
for a home office should have a clear understanding of their requirements and
if the property can be used for the type of business they are intending to conduct.
This is especially important for people purchasing apartments or villa units
where there is likely to be body corporate rules.
"A vital aspect is, have
you checked with the local council regarding planning laws in relation to your
future business activities? This is a major consideration if you are considering
purchasing a new property. Check the local planning laws and what you can legally
do before you purchase the property.
"Do you have adequate parking
for the people who may visit your home office? Will your business activity disturb
"Before you set up your
home office check with your accountant on any tax implications which result
from tax claims on running costs of the business."
"It is also important
to check the Occupational Health and Safety responsibilities for setting up
Mr Hallett said ensure
that you have appropriate insurance to cover people visiting your home, any
business equipment in the new home office and that the policy is properly recognizing
that a business is being conducted on the premises.