How to Claim Car Expenses for Work

In this video, we cover the essentials of claiming car expenses for work – focusing on the two main methods: the logbook method and the 5000-kilometre method. Which one works better for you depends on whether you value ease of record-keeping, or the potential for a larger deduction.

With the end of the financial year approaching, remember to consult with your accountant to ensure you're maximizing your deductions and keeping proper records! For more details on how to claim your car expenses for work, download our free Fact Sheet at: https://empowerwealth.com.au/blog/talking-tax-may2024/

Disclaimer: The information, statements and opinions expressed are only intended as a guide. Please obtain your own independent advice from an appropriately qualified tax accountant before making any financial decisions.

*Listen to the Full Episode Here* https://youtu.be/dhQe--DMrNA

If you’re keen to chat with someone regarding your tax returns and financial circumstances, we would love to help! Check out our Tax and Personal Accounting page + lock in a free and no-obligations consultation with one of our experienced tax advisors here: https://empowerwealth.com.au/services/tax-personal-accounting/

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