Should I Pay Cash or Finance for my New Business Vehicle?
- If you have the cash, what else could you use the money for?
- If you are running a business is that money better used as working capital in the business or
kept as a reserve? - What interest rate would you be paying if you financed the vehicle?
- These are some of the questions that need to be considered when making the decision on paying cash or financing a vehicle.
If you would like advise or help from a friendly professional accountant with:-
- Advise on cash or finance for your new Business Motor Vehicle.
- Completing your tax return and claiming your deductions.
- Quarterly Business Activity Statement lodgement.
- Choosing the correct PAYG Instalment method on your BAS.
- Income and Tax estimates in May or June, so you can make decisions prior to 30 June to minimize your tax liability and understand what is payable and when.
- Business Planning
Phone Steve for a friendly no obligation chat about your requirements.
- Approachable and available.
- The only dumb question is the one you don’t ask.
Visit the ATO website for up to date details on claiming a tax deduction for motor vehicle expenses
Steve Hamilton Chartered Accountant
Looking after clients in Joondalup and the Northern Suburbs of Perth for over 20 years.Professional accounting expertise, competitive pricing & exceptional service
Find out if Steve Hamilton Chartered Accountant is right for you!
Phone Steve