Buying a Motor Vehicle – Business or Private?
Buying a Motor Vehicle – Business or Private?
We are often asked the question by business clients who are purchasing a vehicle, “Should I buy it in the business name or in my personal name?” There is no standard answer. It depends on the cost of the car, its operating costs and its usage. Here are a few points to bear in mind […]
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Beware the ATO is watching you
Beware the ATO is watching you
Over the last few years the Australian Tax Office has been steadily increasing the amount of data matching information they use to check if taxpayers are declaring all of their income and gains. The ATO source data from three sources: 1. Government Agencies 2. Tax Returns of Other Taxpayers 3. Businesses Government Agencies The ATO […]
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