Motor vehicle expense claims

Motor vehicle expense claims

Will you be claiming motor vehicle expenses? Doing so can be tricky, especially if you use your car for both personal and business purposes. The ATO has provided a comprehensive fact sheet around claiming motor vehicle expenses as a business owner. Registration, fuel, loan interest, and servicing are all among the costs you can claim. If your car is used for personal and business purposes, you must appropriately calculate the percentage of your expenses used for your business before making a claim. Keeping a logbook is one way of making the distinction between personal and business use easier, as well as recording all other expenses.

Read more

Related Posts

member-img

Are you tax-return ready? 

Leading up to the end of financial year it’s a good idea to brush up on your tax knowledge. Here

Read More
member-img

Tax scam warning

The ATO has warned taxpayers and businesses to be extra vigilant to guard against scammers througho

Read More
member-img

Apply for your director’s ID before it’s too late!

Director of companies in Australia have until the 30th of November to apply for their director’s

Read More