Motor Vehicle Tax Return Expenses
Motor Vehicle Tax Return
If you’re tired of having to manage your motor vehicle tax return expenses, Mobile Tax & Accounting Solutions can take care of them for you.
As a business owner, you can claim a tax deduction for expenses for motor vehicles – cars and certain other vehicles – used in running your business.
Types of vehicles that can be used for business and possibly be claimed
- Cars
- 4WD’s
- Motorcycles
- Passenger Vehicles – buses, limos
Depending on the type of business you run will depend on what you can claim and how it is calculated
Some possible expenses may be
- Purchase
- Hire or lease agreements
- Tolls
- Fuel
- Repairs & Maintenance
- Insurance
Car Tax Returns are not an easy or straight forward claim to submit.
Using a log book is a great way to help you track your business and personal use of the vehicle – the ATO website has some important info regarding using this method here
This is why it’s best to engage a professional to work out the best method for claiming deductions for your vehicle.
We will ensure that all your car-related expenses are submitted on time and with the proper documentation as well as keeping track of how much you’ve spent so far to keep you within budget.
