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

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Tuesday, 19th January 2016 7:36 am