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hey folks, I am going to join Oracle ossi in Hyderabad location. I have never been to Hyderabad, and will be relocating. Please guide on what would be good areas to look for rent. Also, what would be rent like for 2/3 bhk. Ideally my budget for rent would be <25k. Initially I will be going but in future my family will join me once I am settled. Any points to note or any other gotcha to keep in mind ? Please suggest.
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That $20k they are saving a month on electricity is most likely saving a few jobs at this point. Not sure how much you spend on commuting in non-pandemic times but I have been figuring it that my commuting costs are most likely more than my electric...my internet has been the same the whole time.
“The luxury of exercise” 🤣
In Canada, we get tax refunds of up to 25% of Rent/Electric/Internet and home office expenses (desk, etc) if you have worked from home for more than 60% of the year.
You guys really need to reform your tax system into, at the very least, the 20th century...
Our company reimburses our internet... but that’s a good point about electric ⚡️
Internet feels right at minimum, especially if you're making less than $80k in key cities. I have no idea what you're doing with electricity for it to DOUBLE.
I think letting them know what's up is totally within bounds though!
I believe you can designate a portion of your home as your office - say 10 sq ft or however big your office space is. (Even if it’s a table in your living room, make a call). You can write off that square footage as your home office on your taxes. Also, anything you buy, like a laptop for freelance or a printer, etc, put that all into 2020 taxes.
Yeah this is what I’m doing. Home office deduction
Curious about this too. I’m in house and the company did better in 2020 despite us all being remote. Still, setting up a home office and added cost of utilities are completely absorbed by me. I will say no commute is great, but strange to be sent home for a year with no help paying to make my personal space an office.
Unless you have a business, you can no longer write off business expenses....
Devil’s advocate on electricity - living with my family (spouse, 2 kids), my electric is on and being used whether I’m home or not. Expecting an employer to pay personal utilities even in an exclusively WFH set up seems like a lot to me, unless they’re asking you to use your power for something more than running your laptop, lights and heat for yourself during the work day?
I totally agree: the amount of electricity that would be consumed by the average creative worker at home is NOT going to be "doubling" your electric bill -- it's a laptop, some lights, and (maybe) your heater/AC. Unless you've been asked to move a server farm into your living room, I don't understand where the massive increase would be coming from. Whatever increase you're seeing in your electric bill is probably offset by the reduction in what you're not having to spend on transportation, lunches, coffee, etc... As for internet, we're reimbursing our team members for internet, because many of them had shitty internet at their homes and needed to upgrade in order to effectively work-from-home. Since we do a lot of production and have to transfer massive files, it's only fair that we'd cover the cost of the internet upgrade.
Yeah, going through the same thing and my agency won’t cover anything... all I know is that whatever purchases you make WFH related, keep receipts and write off in our taxes
My employer giver us $150 a month to expense things related to WFH
Are y’all hiring 😂
Once this ends and if wfh continues, I would just start going to the library and start using their wi-fi and electricity. I mean, we do pay for it with our tax dollars haha but jokes aside they should reimburse you.
Forget electricity, what about the increase in rent to get a bigger place with a home office? The agencies are going to downsize their footprints but I have to figure out how to make wfh work in NYC. Not all of us moved to the burbs.
We get no reimbursement for anything. I make myself feel better by thinking of the $364 I’m not paying for a train ticket, the $200 I’m not spending on a subway pass, and the only clothes I’ve bought this year are Gap leggings. Plus I’m not buying lunch or coffee everyday. So I think I’m actually ahead.
Electric bill doubled? 🤔
Sweet lord the bill is juicy now?
Friend, leave your home immediately.
Rising Star
Omnicom has been a firm no on this. We’re out a couple hundred bucks on upgrading our household ecosystem to handle 4k streaming vid for 8 hrs a day
You can create tax deductions for business related expenses. Percent of square footage of your living space you use for work can be prorated from your rent / mortgage and other expenses (property tax, homeowners insurance, utilities including internet service, cable tv, etc). You could deduct the increase in your electric bills as well as business expenses. It’s possible those deductions won’t exceed the standard deduction on income tax but worth looking into. Yes your company is saving on overhead. But you’re probably saving on commuting and other work related costs. Maybe your commute (like mine from the ‘burbs) was $600/month. Perhaps you’re not buying as many work clothes and working from home in sweats and t shirts. Perhaps your lunches are far cheaper because you’re eating groceries and not a $12 ham sandwich from a deli.
$600 a month saving? I’m going from the burbs as well, but my gas savings are closer to $60 a month. I’m also the type to only eat leftovers and not waste money on extra clothes. Truthfully, my expenses have only increased (utilities and setting up an office space in my home).
You ask. Should be a provision for electriciy bills
My agency gave people back $30 a month. However they only gave it to back to people living in certain states which I don’t understand given we all had the same expenses.
Interesting. My only thought is some cities like San Francisco you rarely have AC, so your bills don’t vary much whereas in the south everyone has AC running in the summer so if you’re home more, it’s running even more. That’s so odd that they wouldn’t just expense everyone though
Rising Star
If your agency culture requires nonstop video calls, getting reimbursed for good internet should be the standard. If most of what you do doesn’t require video, and the normal household internet package works fine, then I don’t see why they would pay for a service you were already using at home.
WPP were asked this in the townhall . We would need to provide evidence that bills have gone up , taking into account decreased travel costs, by showing finance bank statements.
WPP being wankers as usual then?
That’s the problem with people. All they want is their free meal. They forget they are lucky to have a job in a situation like that.
I was furloughed for 5 months, I’m grateful for my getting my job back during a pandemic, but like you said, I’m working more now and my utilities have nearly tripled. I used to walk to work and now I’m spending more on having a home office and faster wifi and constant AC or heat