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Tax advice
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Finance & Management > Accounting

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Jul 6, 2012
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  • Posted: Tue, Jul 03, 2012
  • Time Left: Closed
  • Location: Anywhere
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  • Start: Immediately
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Hi,

I got an Australian taxation question. I know that will only be a small earner but I will need further advice later and also someone doing my end of year accounting :)

Could you answer this question for me?

Thanks
Michael

I am a sole trader. I have a car that I ran partly as business cost (1% of purchase price /month). Now I bought a second car which I use as company car. The first car is for private use only. I am an IT project manager.

The new car is 18k, I bought it new and paid it full from my company account. Is that OK? Can I deduct all cost plus purchase 100%? Also the GST 100% now? If so, how much of the purchase price can I deduct each year? If I can't deduct 100%, how much can I?

Thanks
Michael

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Desired Skills
Tax Preparation, Accounting
Job ID: 31686664
 
Proposals
Avg $ | High $ | Low $ — Show Pricing
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 Australia  |  
IC Business Solutions is a highly experienced and qualified bookkeeping business servicing over 50 business over the past 6 years. We customise...
1
  |  
 0.0   |  $0 Earnings   |  0 Jobs
Bid ID: 31713960  |  Submitted: Jul 5, 2012 01:12 ET 
Proposal SEALED

 Australia  |  
Winner
I am a fully qualified chartered accountant since 2007 and have 9 years of professional experience gained in the profession. I am currently working...
3
  |  
 0.0   |  $0 Earnings   |  0 Jobs
Bid ID: 31699655  |  Submitted: Jul 4, 2012 10:22 ET 
Delivery
Within 1 day
$32.88

 Australia  |  
INVITED
We are a small and medium company niche focussed, accounting and consulting firm based in the southern australian state of Victoria . We fill the...
1
  |  
 0.0   |  $0 Earnings   |  0 Jobs
Bid ID: 31686816  |  Submitted: Jul 3, 2012 23:44 ET 
Proposal SEALED
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