Claiming for personal vehicle usage for tax year 2015 onwards
- Details
Claiming car expenses
From 1 July 2015 car expense deductions for individuals were simplified by reducing the options for claiming these expenses. From this financial year, the only options able to be used are the log book or cents per kilometre methods. The 12% of original value and one third of actual expenses options have now been abolished.
Additionally, the cents per kilometre method has been simplified to use a standard rate of 66 cents per kilometre, rather than a rate based on the engine size of the car.
As a result of this change employers who pay their employees a car allowance need to withhold tax on the amount they pay over 66c per kilometre.
Not sure how this affects you? Your accountant can help you determine how to best calculate your car expenses.
Source: Bentleys www.pwafinancial.com.au
Latest News / Blog
- Contact Form 7 not responding after submit, spinning wheel
- Things to consider before updating your site to Joomla 4
- Why do hackers bother hacking websites?
- How to grow your social media engagement
- Wordpress 5.5 - auto updates
- My Watchful Podcast
- Safety and Security While Video Conferencing with Zoom
- Increasing the exposure of your business
- Keyboard issue: Single quote being replaced by Accent character
- Telemarketers trying to sell you a keyword-rich domain name
- Email – latest technology & more space!
- Outlook 2018, where have the Advanced Settings gone?
- Tools to resize and optimise images for your website
- Stolen Domain Names
- How to 'Like' a Facebook page as your business
- Create a link for customers to write reviews
- Latest round of QLD Digital Grants opens soon
- Proximity to Searcher is the New #1 Local Search Ranking Factor
- The Importance of Keeping Software Up To Date
- Joomla 3.7 Coming Soon
- Mobile-first Indexing
- Run out of ideas for social media posts?
- Scammers - they are still at it!!
- Are you struggling to create interesting content for your website?
- How to Write Viral Headlines: New BuzzSumo Research
- Google to Boost mobile-friendly algorithim this May
- Claiming for personal vehicle usage for tax year 2015 onwards
- Get on Google 'My Business'
- Google Analytics Report - What is "beat with a shovel the weak google spots" keyword?
- What is NAP Consistency? And why is it good for SEO?
- More .au options for all Australians or not – the pointy end of the naming panel process
- How to Know When Your Startup or Business is Ready for Facebook Ads
- Why are there spikes visits on my Google Analytics report?
- Generate more traffic with good quality blog content
- How to provide a direct link to your Google+ review box
- Content Quality Score: Google’s Best Kept Secret For Rankings
- Marketing your website content across the digital market
- Are you resisting Google+ ?
- How Google Search Works
- Facebook site ownership when buying a business
- Using Pinterest for your Business
- Can I rely on my Registered Business Name alone to register a com.au or net.au domain name?
- How to create a business listing on Google Maps
- What format of logo should you use in Word?
- What is Google Pagerank?
- Google Analytics keywords report says "not provided"
- 5 Tricks to Improve Your Google Maps Listing & Ranking
- SEO backlinks for your website
- Internet keyword scam
- Google Maps
- SEO basics for your website