#Fringe Benefits Tax
The legalities of a company car
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 […]
Salary packaging as a business tool: Debunking the myths
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 […]
How the FBT changes affect your business
Treasurer Chris Bowen has announced that the government plans to cut $1.8bn worth of fringe benefits tax car concessions.
Understanding Fringe Benefits Tax – what you need to know
The offering of appealing fringe benefits can be the key to success in a competitive job market.
FBT changes deliver attractive options to SMBs
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.
Fringe benefits tax (FBT) on Christmas parties – a gift to the ATO
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.
‘Why do you hate the taxman?’ Asks Adrian Raftery
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 […]