You've already done a video on the changes to the instant tax write off, but it would be good (unless you already have) to do a video on purchasing an EV/Hybrid (with all the upcoming changes included too) as per www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax/types-of-fringe-benefits/fbt-on-cars-other-vehicles-parking-and-tolls/electric-cars-exemption - It would good to understand if there are any exceptions, for example, if my ABN is purely for a company and family trust and not an actual operating business (just receives dividends from another business).
Hay I am a travel nurse and want to buy a car, (and want to see different options on how much I can claim and how many years I can claim a tax deduction.). and I also do some extra work auditing their books. I do this for free and want to set a business so I can claim the hours I work extra as a loss. If you make this video I will share it to the 5000 people on my travel nursing website. You make excellent content and glad I found you now, already sharing your content with my colleagues.
Thanks, glad you've been finding the content helpful. I'm a little confused on what topic you want me to cover. Just the general topic of claiming a car? Or claiming a car as a business (I have done that topic awhile ago)?
@@EthanRooshock Thankyou for listening to your viewers. Last financial year I did my own taxes as a travel nurse (and claimed 19k), when I asked an account to complete them they added an extra $5k to my return. So I was wondering if you could go through things I can claim, (specifically as a travel nurse, not including the obvious shoes and laundry) Also I spend a little extra time at work each day doing audits. I am not contracted to do this, it is something I am interested in doing and brings value to me as an agency nurse. I want to create a business that helps me to claim this a loss to help save more tax. I am currently paying the highest bracket and it is basically half my income to tax. I would like to move my stock portfolio to the business because it is being taxed at 45%, and use the business to reduce my taxable income. I would love to watch your video about cars and see if I have any more questions, Sincerely thank you, just being able to communicate with you is nice.
After watching your video, can I ask, as I work for an agency, but I must have a car for work. So if I was to run a business which holds my asserts (stocks) and I buy a car through the business, (and the business allows me to use the car) how would this affect me via fbt. Even if you do not go into this much detail I will ask (so when I promote your materials to my agency) how can travel nurse save on tax and how can we save on cars? I have spoken to my agency already and they are really excited if you make some travel nursing content because it boost their business. Win win. Last again thankyou, just the consideration is greatly appreciated.
Okay I have watch all your videos now here is my two videos I would like 1) a video on travel nursing tax, specific tax laws etc related to nursing in outback or country, and required to be away from home and travel long distances to work. My agency has asked if you have a referral code or a deal for people to (like for anyone who like the video get A, or use this referral code and I will give you X amount off your tax return), this will improve the video value for the agency nurses. They have made a conservative effort to inform to ensure that the video will need director approval before anything is accept, and can not be accepted. But they are interested in this offer. 2) I want to subcontract myself out to my current agency, and have this business hold my stock and receive income from me which it then pays me, and I received the minimum WACHS (western Australia country tax health services) award rate and the rest goes into the business. (I eventually want to use this capital to invest) and then as I am director when I want to receive a dividend or when I work on my passion projects and want to claim those extra hours I work for free as a loss, I can. This also directly related the fringe benefits tax I would have using the company car. Also the business makes around 240-300k a year and is profitable for $60k.(by my early calculation), For reference. If number two still does not make sense then just let me know.
I've done videos talking about non-commercial loss rules that might help with some of this. You can't just start a business that doesn't earn money and create losses to offset other income.@@braydenborbely
![โรงเรียนดัดสันดาน นักเรียนเถื่อน..!! [โรงเรียนไดเม่]](http://i.ytimg.com/vi/vRKPeXn4Fl4/mqdefault.jpg)
What topic do you want to see me cover next?
You've already done a video on the changes to the instant tax write off, but it would be good (unless you already have) to do a video on purchasing an EV/Hybrid (with all the upcoming changes included too) as per www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax/types-of-fringe-benefits/fbt-on-cars-other-vehicles-parking-and-tolls/electric-cars-exemption - It would good to understand if there are any exceptions, for example, if my ABN is purely for a company and family trust and not an actual operating business (just receives dividends from another business).
Thank you.
Welcome!
This was great!
Thanks!
Hay I am the First. Looking official here buddy.
Thanks for watching!
Just don’t spend all the 50k profit because you’ll need to pay the tax on it eventually
Yes very true!
Hay I am a travel nurse and want to buy a car, (and want to see different options on how much I can claim and how many years I can claim a tax deduction.). and I also do some extra work auditing their books. I do this for free and want to set a business so I can claim the hours I work extra as a loss.
If you make this video I will share it to the 5000 people on my travel nursing website.
You make excellent content and glad I found you now, already sharing your content with my colleagues.
Thanks, glad you've been finding the content helpful.
I'm a little confused on what topic you want me to cover. Just the general topic of claiming a car? Or claiming a car as a business (I have done that topic awhile ago)?
@@EthanRooshock
Thankyou for listening to your viewers. Last financial year I did my own taxes as a travel nurse (and claimed 19k), when I asked an account to complete them they added an extra $5k to my return. So I was wondering if you could go through things I can claim, (specifically as a travel nurse, not including the obvious shoes and laundry)
Also I spend a little extra time at work each day doing audits. I am not contracted to do this, it is something I am interested in doing and brings value to me as an agency nurse.
I want to create a business that helps me to claim this a loss to help save more tax. I am currently paying the highest bracket and it is basically half my income to tax.
I would like to move my stock portfolio to the business because it is being taxed at 45%, and use the business to reduce my taxable income.
I would love to watch your video about cars and see if I have any more questions,
Sincerely thank you, just being able to communicate with you is nice.
After watching your video, can I ask, as I work for an agency, but I must have a car for work. So if I was to run a business which holds my asserts (stocks) and I buy a car through the business, (and the business allows me to use the car) how would this affect me via fbt.
Even if you do not go into this much detail I will ask (so when I promote your materials to my agency) how can travel nurse save on tax and how can we save on cars?
I have spoken to my agency already and they are really excited if you make some travel nursing content because it boost their business. Win win.
Last again thankyou, just the consideration is greatly appreciated.
Okay I have watch all your videos now here is my two videos I would like
1) a video on travel nursing tax, specific tax laws etc related to nursing in outback or country, and required to be away from home and travel long distances to work.
My agency has asked if you have a referral code or a deal for people to (like for anyone who like the video get A, or use this referral code and I will give you X amount off your tax return), this will improve the video value for the agency nurses. They have made a conservative effort to inform to ensure that the video will need director approval before anything is accept, and can not be accepted. But they are interested in this offer.
2) I want to subcontract myself out to my current agency, and have this business hold my stock and receive income from me which it then pays me, and I received the minimum WACHS (western Australia country tax health services) award rate and the rest goes into the business. (I eventually want to use this capital to invest) and then as I am director when I want to receive a dividend or when I work on my passion projects and want to claim those extra hours I work for free as a loss, I can. This also directly related the fringe benefits tax I would have using the company car. Also the business makes around 240-300k a year and is profitable for $60k.(by my early calculation), For reference.
If number two still does not make sense then just let me know.
I've done videos talking about non-commercial loss rules that might help with some of this. You can't just start a business that doesn't earn money and create losses to offset other income.@@braydenborbely