Australia is a land of cars and so it’s no wonder a significant number of us claim work-related car expenses at tax time. But zealous claimants beware – the ATO is watching!

The ATO has provided a practical compliance guide, which our resident tax expert, Michael Jones, walks us through to ensure company owners and their staff understand the rules. It can be complicated, so it’s always worth checking with your own accountant first.

Audio by Business Essentials. For more business interviews please visit http://www.be.com.au/business-essentials-audio-programs