The ATO recently announced that the rate at which work-related car expense deductions may be calculated using the cents per kilometre method will be 68 cents per km commencing 1 July 2018 (up from 66 cents per kilometre).  This means the maximum deduction under this method has increased from $3,300 to $3,400.  Still by far the most rewarding method is the logbook method where is often see deductions in excess of $10,000 especially where newer cars and finance are involved.

If you want an easy way to manage your log book please contact our office or download our FREE App.

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