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…

Run my business from home – CGT implications and Record-Keeping

By Roger 21 December 2020Business, Assets, business structure, CGT, Company, Deductions, Expenses, Home Office, Individual, Mortgage, Properties, Record-Keeping, Rent, Tax Tips, Trust

What record do you need to keep when running a business from home? What if I sell my property? What's the CGT implications? Records you need to keep You need…