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  • #978549
    tndfloor
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    Hi guys,
    I have couple of questions relating to business expense. can you help me out here??

    1. If I am in the situation to pay the access fee for car insurance would this be claimed as business expense? [car is used for business and accident happened during the business.]

    2. we are small business with home office, i wonder if the mobile phone that is solely used for business only and the monthly internet access fee can be claimed as business expense.

    thanks in advance!

    #1107854
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    Always best to check with an accountant.

    But (a) the car has to be proportioned personal and business via a log. (Read more at ATO ato.gov.au)
    For example, if you determined that business was 80% and personal use 20% you would deduct 80% of all car and associated costs only.

    (b) Yes

    Always check for yourself at the ATO.

    Cheers.

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