Business Administration Costs $2,129 Accounting/bookkeeping fees may be lower if the business prepares its own Includes maintenance of records, BAS and accounts. preparation of tax returns, mobile charges, consumer price Mobile phone charges will vary index and sundry business depending on level of expenses. These costs use. fixed have been calculated at 100%. Other costs: Professional association fees, accommodation costs, parking fees, bank charges, and other costs should be allowed for where relevant. This example is based on a business that is already up and running, and does not take into account the costs of starting a business (e.g. registering a company). This may also vary depending on contractual conditions. annual costs $13,649.20 Total hourly costs $8.16 Assumes that the annual costs of the business are spread over 1,672 Assuming 1,672 vehicle operation vehicle operation hours per year. hours. Part 2 Variable costs per kilometre and per hour – – Note: All costs are exclusive of GST Cost items assumptions Typical Your cost Variations in this cost item assumes 44,000 km cost per per km travelled per year km Fuel 15.07 cents Fuel is the single biggest variable cost and will affect your Based on retail diesel fuel cost as business. at average retail cost for Victoria across 2017 of 136 cents per litre, Fuel costs will also vary depending on which is net of GST. the age, features and condition of the vehicle. Assumes 18.20 litres consumed per 100 km. The price of fuel at the time of negotiating with the hirer should be used
Business Administration Costs Includes maintenance of records, preparation of tax returns, mobile charges, consumer price index and sundry business expenses. These costs have been calculated at 100%. $2,129 Accounting/bookkeeping fees may be lower if the business prepares its own BAS and accounts. Mobile phone charges will vary depending on level of use. Other costs: Professional association fees, accommodation costs, parking fees, bank charges, and other costs should be allowed for where relevant. This example is based on a business that is already up and running, and does not take into account the costs of starting a business (e.g. registering a company). This may also vary depending on contractual conditions. annual costs $13,649.20 Total hourly fixed costs Assuming 1,672 vehicle operation hours. $8.16 Assumes that the annual costs of the business are spread over 1,672 vehicle operation hours per year. Part 2 – Variable costs – per kilometre and per hour Note: All costs are exclusive of GST Cost items assumptions assumes 44,000 km travelled per year Typical cost per km Your cost per km Variations in this cost item Fuel Based on retail diesel fuel cost as at average retail cost for Victoria across 2017 of 136 cents per litre, which is net of GST. Assumes 18.20 litres consumed per 100 km. 15.07 cents Fuel is the single biggest variable cost and will affect your business. Fuel costs will also vary depending on the age, features and condition of the vehicle. The price of fuel at the time of negotiating with the hirer should be used