Investing in a vehicle has many benefits for your business. You can have a company car as a benefit for potential employees. Your current workers can drive an executive car to a meeting with new clients. And, you can deliver your products in a truck or van. There are also important legalities to keep in […]
Instead of just complying with the fringe benefits tax legislation, why not use it to your advantage? Salary packaging can maximise take-home pay and attract talent. Could salary packaging be a cost-effective way to attract and retain talent? By combining cash salary with other benefits, organisations have greater flexibility to negotiate remuneration, but that’s just one […]
Treasurer Chris Bowen has announced that the government plans to cut $1.8bn worth of fringe benefits tax car concessions.
The offering of appealing fringe benefits can be the key to success in a competitive job market.
Putting systems in place to ensure data is captured and accurately categorised for FBT purposes throughout the year could save you and your accountant a big chunk of time and effort at the end of March. Here’s some expert advice to get you on the right track.
With Christmas approaching fast, Brad Callaughan looks at the Fringe Benefit Taxes payable on gifts to employees, suppliers and clients.
“Fringe Benefits Tax is a tricky subject, and if not understood and addressed before you spend that money it could leave you a large hole in your pocket from the FBT payable.”
Recent changes made to the Fringe Benefits Tax (FBT) invites SMBs to take advantage of novated leasing, which could help retain staff, reduce administrative burdens and save time.
The end-of-year office drinks is a festive tradition in Australia, but the annual work Christmas party could cost companies in unexpected fringe benefits tax, according to Nexia Court & Co.
After talking to so many business people over the years, it is rather interesting that they all seem to have the one thing in common – they all hate the taxman. But why do you hate the taxman? After all, the ATO does not set the taxation rules, they simply administer them. It is the […]
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