What is Fuel tax credits

By Roger 1 February 2021Assets, BAS, Bookkeeping, Cars, CGT, Company, Fuel tax credits, Motor vehicles, Record-Keeping, Tax Tips

What is Fuel tax credits? Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in:…

Motor vehicle expenses, Sole traders and partnerships

By Roger 18 January 2021Tax Tips, Assets, Bookkeeping, business structure, Cars, Depreciation, Expenses, Individual, Motor vehicles, Record-Keeping

Motor vehicle expenses for Sole traders and partnerships If you operate your business as a sole trader or partnership (where at least one partner is an individual), the way to…

Tax record keeping

By Roger 11 January 2021Bookkeeping, Deductions, Expenses, Individual, Record-Keeping, Tax Tips

Tax record keeping: One of the common question taxpayer asked is what record I should keep? How long should I keep them? Australia's tax system is based on self-assessment. This…

Motor vehicle expenses for Business owner

By Roger 26 December 2020Business, 2020 Tax Tips, Assets, business structure, Cars, Company, Deductions, Depreciation, Expenses, Record-Keeping, Tax Tips

Motor vehicle expenses Every business owner would ask: Can I claim my petrol? Or repairs of my car? This information will help you when claiming a deduction for motor vehicle…