Maximise Your Business Travel Budget: Discover Which Expenses are Tax Deductible

Maximise Your Business Travel Budget: Discover Which Expenses are Tax Deductible

2,182 View

Are you a busy professional who has to travel for work? Doing so can be expensive, but the good news is that you can deduct some of your travel costs from taxes.

But the rules around this can be confusing, and making an incorrect claim could get you in trouble with the ATO.

So in this video, I'll explain exactly what expenses are and are not covered, so you can confidently make your claims without worrying about any penalty or investigation.




Thank you for watching this video. I post videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy the video and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful!


► Subscribe to my channel here:
https://www.youtube.com/c/DavieMach


Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients.

Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses.

He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.


Follow Me:
LinkedIn: https://www.linkedin.com/in/davie-mach/
Instagram: https://www.instagram.com/boxas_syd/
Facebook: https://www.facebook.com/boxadvisory/
Website: https://boxas.com.au/


DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note, however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.



Video produced by Social Wave
https://www.socialwave.com.au


Did you miss our previous article...
https://travelvideos.club/business-travel/building-a-profitable-business-in-india-ft-makemytrip-founder-deep-kalra-raj-shamani-fo-94