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noidea65's avatar
noidea65
5 months ago

Sole trader car loans, asset right-off, business losses vs depreciation

Hi, My husband is a sole trader in a small business that is not registered for GST. Late June 24 he bought a new ute which is used for the business, there are some minor personal use like running to...
sole trader
Princess_R's avatar
Princess_R
MYOB Moderator
5 months ago

Hi noidea65,

 

I see you have some questions about managing your sole trader's UTE purchases. Since we're not accountants, we can't give specific financial advice. It's best to consult with an accountant for that. However, I can share some articles that might be helpful:

Hopefully, someone from the community can assist you further soon!

 

Feel free to get in touch if there's anything else I can assist you with.

 

Cheers,

Princess

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