Tax Efficient Ways of Owning your Vehicle

How should you own your business vehicles in the most tax efficient manner?  Should your business buy or lease?  Should you own the vehicle personally or in your company?  How do you deal with private use?  What constitutes a “work related vehicle” – and what does that even practically mean?  What about Fringe Benefit Tax?  Under what circumstances can you claim GST in one lump sum up front – and when do you need to drip feed your GST claim?  What are the fishhooks when you sell the car?  Does it make sense to spend a dollar to save 33 cents in tax?  These are all common questions – often without a black and white answer – so as business owners, what to do?

This Business Owners Forum event will explore the tax issues around vehicle ownership – and the things to consider when acquiring a vehicle for business use …

And as usual for a breakfast event, there will be a light breakfast and refreshments to lubricate quality discussion.  And as always, no sales – just good practical content.

Business Owners Forums are held monthly – alternating between Whangarei and North Harbour.  If you’d like to attend this event, just scroll down and hit the orange “Book Now!” button before this event fills up.