Description

Learn the various calculation methods for maximizing tax benefits related to work-related vehicle use.

Most people are aware that the work-related use of a vehicle can be reimbursed on a tax-free basis (or a deduction claimed if the expense relates to the business). However, there’s often confusion over which method(s) can be applied, and how it’s calculated. Many urban myths exist. The optimal claiming of GST should also be considered.

This practical webinar considers a variety of the different methods that can be used to calculate vehicle reimbursements and deductions.

Topics covered include:

• What calculation methods are available
• Which method provides the best result?
• How should travel to and from home be treated?
• Where do things go wrong?
• Logbooks - the good, the bad and the ugly
• The use of technology
• GST related issues and opportunities
• Q&A

ORIGINAL BROADCAST DATE

10 September 2024

LEARNING OUTCOMES

A better understanding of the tax outcomes associated with remunerating staff.

SUITED TO 

Accountants, Employers, Sole traders, HR.

PRESENTER

Andrew Dickeson, Tax Director, Baker Tilly Staples Rodway

Andrew Dickeson, is a senior tax director with Baker Tilly Staples Rodway. He has over 25 years’ tax experience during which he has advised many HNWI taxpayers and entities associated with them.