How to Maximise Car Expenses in Your Tax Return 2023

If you’ve used your Motor Vehicle for work purposes, you may be eligible to claim a deduction for this on your tax return. In this video, I go through the two main options you have for claiming Car Expenses in your Australian tax return, The Cents Per Kilometre Method & The Logbook Method. -- Which method do you use on your return? -- 📺 Subscribe to this channel - https://www.youtube.com/c/ethanroosho... -- 🔥 Join Our Discord! The Rooshocks Discord allows me to answer questions about Business, Tax, Crypto and NFTs. It’s also the place where you can get up to date information on my NFT project, Rooshocks! -   / discord   -- 💰 My Accounting Business - https://rooshockaccounting.com.au/ -- 🖥️ My Reseller Tax Spreadsheet - https://reseller-spreadsheet.ck.page/... — 💼 How I Track My Crypto Investments for Tax Time Crypto Tax Calculator - https://cryptotaxcalculator.io?fpr=xo5ak (Get 20% Off using the code BFF2020) Koinly - https://koinly.io/?via=9B29D87A (Get 25% Off using the code 9B29D87A) CoinTracking - https://cointracking.info?ref=E484421 -- ✏️ How I Track My Investments for Tax Time - https://portfolio.sharesight.com/refe... -- 🖼️ My NFT Project, Rooshocks - https://rooshocks.xyz/ -- ✍ Personal Finance Blog - https://ethanrooshock.com/ -- ⌚️Timestamps 0:00 Motor Vehicle Expenses in Tax Return 0:13 When Can You Claim Car Expenses 2:14 What are the Methods 2:31 Cents Per Kilometre Method 4:29 Logbook Method -- Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective. -- CONNECT WITH ME HERE: 👍 Facebook -   / ethan-rooshock   📷 Instagram -   / ethanrooshock   🐦 Twitter -   / ethanrooshock   🎵 Tik Tok -   / ethanrooshock   💼 LinkedIn -   / ethan-rucioch-037b44a3   ✉ Email - [email protected] -- Disclaimer Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these. -- #logbook #centsperkilometre #carexpensestax