From the desk of Sonia Gibson
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Deep Dive: Tax Deductions For Motor Vehicle Expenses
The most common question accountants get asked is “what can I claim as a tax deduction?” and one of the most common things people ask us to do is to “just claim the standard deduction.” The good news is that motor vehicles are one of the most commonly claimed larger value items, and the bad news is that there is no such thing as a standard deduction. In this blog post we are going to take a deep dive into when you can claim for car expenses and how to make sure you are making a valid claim.
How to Make Tax Time Easier For You And Your Accountant
You know the saying prior planning prevents poor performance? This applies to getting ready for tax time…and there is no time like the present. While we are in the thick of the tax season, you have a little breathing room to get organised and prepared for when your trusty accountant prepares your business or personal income tax returns. Here are five things you can do to make it easier for yourself and for your accountant: