by Sydney Taxation Services | motor vehicle expenses, tax deductions, Tax Planning
I read this article in the accountantsdaily newsletter. It is a timely warning from the tax office to be careful about how much can be claimed as a tax deduction. “While some claims of exactly 5,000km are legitimate, we’ve found many people are unable to show how...
by Sydney Taxation Services | Accounting, Business Planning, motor vehicle expenses, Small Business, Tax Planning
Do it now to get the best return. Maximize tax deductions – keep a diary! There are several personal or business tax deductions that require you to substantiate your deductions. Leaving this until May/June will not give you the best outcome. Motor Vehicle There...
by Sydney Taxation Services | Accounting, Bookkeeping, Business Advice, motor vehicle expenses, Small Business
When you can claim and can’t claim for car expenses When you can claim You can claim a deduction for work-related car expenses if you use your own car in the course of performing your job as an employee, for example, to: carry bulky tools or equipment (such as...
