cash or finance for business vehicles

Cash or Finance for your Work Vehicle?

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

claiming tax deductions for motor vehicles

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

For assistance on tax returns & deductions or a chat about your financial accounts, send through your contact details (and the best time to call) and we will contact you to see how we can best help you.

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