Tax & Motor Vehicles Webinar 2024
Recorded 22 February 2024. How to apply the right tax treatment & avoid ATO scrutiny.
Deductions under ATO scrutiny
Latest ATO guidance on when travel expenses are deductible
Recorded 22 February 2024
The ATO has increased its focus on deductions claimed by individual taxpayers, often resulting in additional scrutiny when deductions are claimed for cars and other motor vehicle expenses. Significant claims tend to put clients firmly in the ATO’s spotlight. The ATO has also been successful in cases before the courts and AAT.
The Tax & Motor Vehicles Webinar works through how to identify and apply the correct tax treatment to a range of scenarios involving motor vehicles. We look at what needs to be done to ensure that deductions can be claimed and who should claim them. We look at this area from the perspective of employees, business owners and employers to ensure that deductions can be justified.
Accreditation 31981
Total 1.5 CPD Hours
Managing tax issues relating to motor vehicles can be tricky. We walk through the key rules and common problem areas.
- Tricks and traps when applying the cents per kilometre and log book methods
- The tax impact when the vehicle is held by a business entity but used by an individual (and vice versa)
- Claiming deductions and GST credits for vehicles provided to employees under salary packaging arrangements, including under the new FBT exemption for electric cars
- The ATO’s expectations when clients use utes and other commercial vehicles for work or business purposes
- When clients do and do not have to apply the luxury car limit for depreciation and GST purposes, and
- The specific rules that apply to chattel mortgages, hire purchase arrangements and luxury car leases.
Rae Ni Corraidh
Tax Adviser, Knowledge Shop
Rae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios. She has a genuine passion for helping practitioners find a solution to the tax problems that their clients face (and sometimes unwittingly cause).
She understands the challenges faced by practitioners and brings a wealth of practical experience to Knowledge Shop workshops and webinars to ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.
Rae holds a Masters in Commerce specialising in tax and has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.
Tax & Motor Vehicles Webinar 2024
Tax & Accounting
1.5 hours | 7 modules
Accreditation: 31981
Investment per person: $ 235.00
Team cost: $ 595.00
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 1.5 hrs
FS
SMSF
Tax Accounting
General