Glance Consultants Chartered Accountants 217A High Street, Ashburton, Victoria 3147

Welcome to Glance Consultants Chartered Accountants, located at 217A High Street, Ashburton, Australia. As a trusted accounting institution, we are dedicated to providing a personalized service to meet the diverse needs of our clients. Our experienced team offers up-to-date and tailored advice, ensuring that our clients are well-equipped with the knowledge and skills they need to succeed.

At Glance Consultants, we understand that every client has unique requirements. That's why we provide a tailor-made service to meet their specific needs. Whether you need assistance in setting up a unit trust and corporate trustee or require ongoing accounting support for your business and individual needs, our expertise is at your disposal. Our team, led by Kavi, is always ready to answer your questions and provide invaluable guidance.

We pride ourselves on delivering a seamless and efficient service. We understand that tax matters can be complex and time-consuming, which is why we strive to make the process simple and painless for our clients. We are pleased to have received positive feedback from our satisfied clients, who appreciate our quick turnaround and the healthy returns we have helped them achieve. We highly recommend our services to anyone looking to get their taxes done.

For businesses, keeping track of tax logging and bookkeeping is essential. If you use your vehicle for work purposes, you may be eligible to claim deductions for related expenses. This can be a significant help for small and self-employed businesses. Our comprehensive guide covers all the essential points you need to know about vehicle expense tax deductions and how they can impact your business.

To determine if your vehicle qualifies for tax deductions, it is important to check your eligibility. Personal use of the vehicle cannot be claimed, and deductions only apply to work-related pursuits. Work-related motor use includes various activities, and we provide clarity on which activities are included in vehicle tax deductions.

Contrary to popular belief, you don't have to own your car to claim vehicle tax deductions. Deductions cover leased, hired, and other people's cars that you have used for work-related activities. Depending on whether your vehicle is classified as a car or not, you can use either the cents per kilometre or logbook calculation methods. Our guide explains how to utilize the ATO's expenses calculator efficiently.

Accurate record-keeping is crucial when calculating vehicle tax deductions. The method you choose will determine the records you need to keep. The logbook method requires you to represent your past year's travel for at least 12 weeks, including details of each journey's purpose and odometer readings. The cents per kilometre method requires you to record work-related trips and clearly show how you calculate business kilometres.

If you need assistance in calculating your business expenses and vehicle tax deductions, we are here to help. Our office hours are Monday to Friday from 9:00 am to 5:00 pm, and we also offer Saturday appointments. Please note that our liability is limited by a scheme approved under Professional Standards Legislation.

Choose Glance Consultants Chartered Accountants for personalized, reliable, and expert accounting services in Australia. Contact us today to discuss your specific needs and let us help you succeed.