Posts Tagged ‘logbook method’
The Logbook Method: How to Claim Work-Related Car Expenses
The logbook method is a way to calculate the business-use percentage of your vehicle expenses for tax deduction purposes in Australia. This method is suitable if you use your vehicle for both personal and business purposes and want to claim a higher deduction. Here’s how it works: Keep a Logbook: Record your car trips…
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In some circumstances you may be able to reduce your tax by utilizing a deduction for work related travel using your car. The most common methods are the Cents per km method Log book method The first is probably the most simplest as it requires you to keep less receipts and invoices. In some circumstances…
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