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Claiming Motor Vehicle Expenses?

Claiming Motor Vehicle Expenses?

by GNathan | Aug 24, 2021 | ATO, Blog, Home page, Small Business in Australia, Small to Medium Business, Start Ups, Tax Tips

Claiming Motor Vehicle Expenses? You can claim a deduction for motor vehicles expenses that are part of the everyday running of your business – but you can only claim the business portion if your vehicle is for both business and private use. Depending on whether...

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๐Ÿค Gill spent a couple days connecting with regi ๐Ÿค Gill spent a couple days connecting with regional small businesses during a recent visit to Kalgoorlie with the @smallbusinesswa Regional Board. She felt an overwhelming sense of community and support for the local small business - that warmth made up for the freezing cold weather!Across two days, Gill joined fellow Board members in meeting with local business owners and spending time with the wider Kalgoorlie-Boulder business community.The visit provided a valuable opportunity to hear directly from people on the ground about the challenges, opportunities and priorities affecting regional businesses, and to better understand the support they need.Highlights from Gill:- Lunch at a local cafe with the SBDC board and extended team- A morning tea hosted by KBCCI for the local business- Browsing the gorgeous local book store (Book Boutique on Burt) and gift store (Fossick Folk)- A trip to the Super Pit lookout and the Katunga Lookout in HannansGill is a passionate advocate for supporting local businesses so this was a great couple of days spent listening, learning and supporting WA small business.#SimpleSolutionsAccounting #perthaccountant #SmallBusinessWA #KalgoorlieBusiness #RegionalBusiness
๐Ÿ—“๏ธTax return deadline reminder.If you’re ๐Ÿ—“๏ธTax return deadline reminder.If you’re lodging your own 2025-26 tax return, 31 October 2026 is the date to mark on your calendar.Don’t leave it to the last minute - this adds unnecessary pressure, especially if you realise information is missing or you’re unsure how something should be treated. And, lodging late can be costly when penalties are charged.Start now:- Make sure your records are complete- Your income is accounted for- You’ve reviewed the deductions relevant to you#SimpleSolutionsAccounting #perthaccountant #TaxReturn2026 #TaxDeadline #AustralianTax
Reminder: Gill is currently away on an adventure i Reminder: Gill is currently away on an adventure in the USA. โœˆ๏ธFrom 27 September to 4 November, she won’t be available for meetings and will only be keeping the occasional eye on emails. Unless it’s critical, the rest of the Simple Solutions team will be your first point of contact.If you need help during this time, please contact the office as usual and we’ll point you in the right direction.๐ŸŒ link in bio ๐Ÿ“ž 08 9474 4505#SimpleSolutionsAccounting #perthaccountant #TeamUpdate #PerthBusiness #AccountingSupport #AccountingTeam
Today is World Gratitude Day, and we’re taking a Today is World Gratitude Day, and we’re taking a moment to say thank you. ๐ŸคWe’re grateful for our Simple Solutions team, for the care they put into supporting our clients and the steady effort they bring each day.We’re also grateful for our wonderful clients, who trust us with their businesses, ask thoughtful questions and allow us to support them through the important decisions along the way. It’s a privilege to be part of your business journey.And a special message from Gill:“I’m especially grateful for my husband and kids, who support me behind the scenes and make it possible to do the work I love.”Today is a lovely reminder to appreciate the people who help us, support us and make each day better.#SimpleSolutionsAccounting #perthaccountant #WorldGratitudeDay #ClientAppreciation #TeamAppreciation
Are you earning income through digital platforms, Are you earning income through digital platforms, apps or the sharing economy? The ATO is paying attention. This includes income from areas such as ride-sourcing, short-term accommodation, delivery services, task-based work, renting out assets, online professional services or selling digital products.Income from platforms and apps does not automatically prefill in your tax return, so it needs to be manually included when you lodge.Keep in mind that these platforms also report earnings to the ATO under the Sharing Economy Reporting Regime. The ATO then uses this information to check whether income has been reported correctly. How this income is reported depends on your structure, individual, sole trader or company.Read more about the sharing economy and tax:https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/sharing-economy-and-taxRemember that you need to tell your accountant about any digital platform income before lodging.Need help working out what to include? We’re here to help.๐ŸŒ website link in bio๐Ÿ“ž 08 9474 4505#SimpleSolutionsAccounting #perthaccountant #ATOUpdate #SharingEconomy #DigitalPlatformIncome
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