What other topics do you want me to cover when it comes to business taxes?

@noonaleon

3 ай бұрын

Is there an equivalent to an LLC of the US in Australia? If yes how does it work?

@EthanRooshock

3 ай бұрын

@@noonaleon We have companies in Australia.

Could you do a vid on how content creators and artists navigate taxes in Australia?

@EthanRooshock

Жыл бұрын

Thanks for the suggestion! I'll add it to my list of ideas.

Super helpful videos mate, thank you!

@EthanRooshock

Жыл бұрын

No worries!

You have a great informative channel, I hope you keep making videos :)

@EthanRooshock

3 ай бұрын

Thank you! Will do!

you’ll reach 10k and more you deserve it. Thnx mate

@EthanRooshock

10 ай бұрын

Thank you!

congrats on your 10k goal

@EthanRooshock

Ай бұрын

Thanks!!

Do you then need to add the depreciation back in when you sell or tradein a few years down the track.

@EthanRooshock

21 күн бұрын

Yeah if you've claimed an asset, the sale of that asset will normally be taxable.

You hit 10k well done

@EthanRooshock

4 ай бұрын

Thanks! Got there last week

Can you do one on novated leases? It's really hard to tell at what salaries it makes sense and when it doesn't

@EthanRooshock

Жыл бұрын

Thanks for the suggestion. It is a bit of a tricky area as it can be very situation dependent.

Could you please do an updated video for this please mate 🤙

@EthanRooshock

Ай бұрын

What do you want me to cover?

V informative 😊

@EthanRooshock

3 ай бұрын

Thanks! Glad you found it helpful!

Does the info on having my ABN on the receipt apply if I buy a used car from a private seller?

@EthanRooshock

8 ай бұрын

Do you mean if you make a purchase of a car, should they list your ABN?

@stevewelsh__

8 ай бұрын

@@EthanRooshock yes because the receipt will just be made by the seller and not a dealer.

@EthanRooshock

8 ай бұрын

Shouldn't cause you any issues. Just make sure it states your name as the purchaser.@@stevewelsh__

@stevewelsh__

8 ай бұрын

@@EthanRooshock excellent cheers!

Hey can you do a video on claiming Sports bet on tax, thanks

@EthanRooshock

Жыл бұрын

Haha well if you're just a casual gambler there is nothing you can claim. The only people who include gambling earnings/losses are professional gamblers.

Not bad 6000+ subs in nine months 🎉

@EthanRooshock

3 ай бұрын

Yeah things have grown nicely since this video!

do you need to make a business DOT account and register it under the dot?

@EthanRooshock

2 күн бұрын

DOT?

If its a partnership how would it work in that case, as there's 2 names?

@EthanRooshock

Жыл бұрын

Best to seek individual advice on this based on your state and the partnership agreement.

What a solid Aussie tax channel. Most stuff on YT is so dry and awful but this is great. Quick one; where do motorbikes fall into it? I see they don't classify as you touched on but I actually got a motorbike for some jobs that have bad roads or short trips that I don't want to take the car on. Does it just fall into instant asset (bought in 22-23FY) and log book to determine % like a car?

@EthanRooshock

4 ай бұрын

Cheers! You need to use an actual costs calculation. I would be doing a logbook to calculate the % of use that is for business/work.

@Flamamacue

4 ай бұрын

legend! Thanks mate@@EthanRooshock

@EthanRooshock

4 ай бұрын

@@Flamamacue No worries!

How to get dealer license ?what is the application?

@EthanRooshock

5 ай бұрын

A what?

Question, I'm a sole trader (side hustle hobby business)- do I have to be a brand new car or can it be second hand one in order to claim depreciation etc?

@EthanRooshock

Ай бұрын

Can be second hand as well

@wokitlikeyoutalkit5619

Ай бұрын

@EthanRooshock great, So I can buy a used car privately, keep my proof of purchase and work my depreciation off that initial price I pay or whatever market value is at the time of purchase?

@EthanRooshock

Ай бұрын

@@wokitlikeyoutalkit5619 As long as you have the right records to prove the purchase. Depreciation will depend on the amount of the purchase. Definitely should get personal advice from your tax agent first.

Am I eligible to Claim a car as a sole trader through my small business that I just started ?

@EthanRooshock

Жыл бұрын

That’s too broad of a question for me to answer sorry. There’s a number of factors that you need to consider. You’d need to speak to the ATO or your accountant.