Are there any changes to how we claim our work related cars for the 2016 tax return?
Ans (Tammy from Affinitas)
Yes there is… For the 2016 Financial Year onwards we will only have a choice of two methods – Cents per kilometre and Logbook. We recommend to all clients, who use their car a substantial amount for work, that they keep a logbook. When preparing your tax return this gives us the option to use either method, calculating which gives you the best outcome
If your logbook hasn’t been updated in the last 5 years or this is the first time using your car for work, now is the time to start! It needs to be kept for a minimum of 12 weeks which, if you start it now, will see you finishing it early in the financial year!! You can pick up a logbook from your local newsagency or contact our office for an electronic template or for any other questions you might have about your car claim
If you are interested in the services that we offer and would like to have a chat with one of our friendly staff, please contact us on 3359 5244, visit our website or come see us in our Aspley Office and let us explain what we can do for you!