Understanding (and minimising) Fringe Benefits Tax

Tuesday, 19th January 2016 7:14 am

Employers making non-cash payments to employees may find themselves liable to pay 'fringe benefits tax' ('FBT') on those payments. For tax purposes, you might be considered an employee of your own business, so you incur FBT on benefits your business provides for you, or for other employees. FBT a

Novate that Car Lease for Tax Savings

Saturday, 18th October 2008 11:39 pm

For employers looking for a more flexible approach to leasing a vehicle for an employee's use, the novated lease is a cost-effective and tax-effective way to add value to an employee's remuneration package. Employees needing a vehicle might suggest this arrangement to their employer as a way for

Worry-free Car Financing when Times are Tough

Monday, 20th October 2008 12:36 pm

In uncertain economic times, it becomes far more important to make the right buying decisions when making large purchases. While you can often survive a buying mistake when things are going well, the wrong choices can be devastating in a more challenging economic climate. Car buyers should choose

Car Finance for Private Buyers

Monday, 20th October 2008 12:41 pm

There are many options available for individuals financing the purchase of a car. Buyers should investigate the choices carefully before going shopping for a vehicle. The car dealer is likely to offer finance, but it might not always be the best option for you. Even if you do accept dealer finance,

Car Finance for Business Buyers

Monday, 20th October 2008 12:42 pm

There are many options for businessmen financing motor vehicles, and the smart operator will compare carefully to find the most convenience and cost effective financing solution. Interest rates and borrowing costs should be compared, but tax deductions, GST implications, and fringe benefit taxes are