parent
  • YourTaxGuy
    +2

    South Africa, interesting. I've had some experience with different international tax systems, but I have to admit that I've never dealt with South African taxes before. So I'll give you a perspective for how things are done in the US, but it's definitely a good idea to find a South African accountant. They should be familiar with the tax code there, and ease your worries.

    From my experience with small business clients, keeping a logbook of odometer readings will put you ahead of most other businesses as far as record keeping goes. Here in the US, there are no attendants when you refuel your car, so the only time when odometer readings are done by others is when you get your oil changed or some larger repair. Because of that, the IRS has suggested vehicles that are used for business to get an oil change around the beginning of the year and again at the end of the year, and keep the odometer readings. However, if the car isn't used for business 100%, this wouldn't solve the problem of separating business from personal miles. But a logbook should take care of it.

    • Wenjarich
      +1

      Awesome, thanks again for taking the time to respond to me :)