Profile cover photo
Profile photo
Small Business Know How
31 followers
31 followers
About
Posts

Post has attachment

Post has attachment
Looking for tax minimization strategies? Watch my Tax Planning Video Series for strategies to help you maximize wealth, minimize tax and optimize your business

A log book for your work or business related motor vehicle use is essential. You'll then have the choice of how to claim your motor vehicle expenses. I've just downloaded an app for my Android phone to record my trips. I guess at the end of the day whether you do a hard copy or soft copy of your log book is up to you, as long as you do it!

If you bought a new car in the 2014 tax year, but after 1/1/14, make sure your depreciation claim is correct. The Government rescinded the small business additional depreciation concession for motor vehicles from 1/1/14, but it wasn't announced until September. So you may have unknowingly claimed too much. Ask me what this means for you.

Post has attachment
The face behind the name
Photo
Wait while more posts are being loaded