You can claim the use of a personally owned car if it is used for work purposes. The two main methods for claiming car expenses are the log book method and the cents per kilometre method. The logbook method works best if you use your car predominately for work purposes while the cents per kilometre method is a simpler, less intensive way to claim your motor vehicle deduction.

For most people, cryptocurrency is taxed the same way as general investment assets are taxed, that is, they are subject to Capital Gains Tax (CGT). CGT applies when you dispose of an asset, including when you swap between cryptocurrencies (i.e. swap BTC - ETH). Moving cryptocurrencies between wallets or exchanges do not trigger a CGT event however as this is not deemed a disposal. Effective record keeping is a critical step in minimising any potential CGT on your cryptocurrency assets. Speak to one of our experts on how best to manage your cryptocurrency tax.

Please enter your taxable income in the box below to get an estimate of your income tax for the 2022 financial year, please note this doesn't include the medicare levy. For a detailed estimate and to find out how much tax you will get back, contact one of our advisors today.

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