How does salary sacrificing work?

Mark Schneider | 21/07/2017 2:06:43 PM

At first glance salary sacrificing might seem like a strange concept. After all, you work hard for the money, why on earth would you want to sacrifice any of it? Well despite that counter-intuitive name, salary sacrificing makes a lot of sense. It's all about giving up a little of your pre-tax income to keep more in your pocket each payday. So what exactly is it and how does it help your budgeting? In brief, it's an agreement between you and your employer, who agrees to pay for so...

Novated Leases: Busting the Myths

Mark Schneider | 21/07/2017 1:39:13 PM

Novated leasing is becoming an increasingly popular way for employers to reward employees with tax benefits and savings when buying a new car. But there are still a large number of misconceptions around novated leasing. We recently asked our sales team for the six top novated misconceptions that they hear on a regular basis. And then, like true myth-busters – we cracked ‘em wide open. Novated Myth #1 Myth: Novated leases are only for upper management on high salaries. Bu...

Are universal road user charges inevitable?

Mark Schneider | 17/07/2017 10:25:09 AM

The idea of road user charges - directly charging people to drive on the roads – has long been a favourite of policy wonks and economists, but political anathema to politicians. Now however there are a few factors at play forcing politicians to at least consider the issue. They're all driven by looming technological change. One is electric vehicles, and the other is autonomous ones, which brings with it the threat of increased traffic congestion. If you hate the id...

Aussie Originals: Bolwell Nagari

Mark Schneider | 3/07/2017 11:11:24 AM

Australia has a long history of producing memorable performance cars, with Holden's Monaro and Torana, Ford's high performance Falcon models and even the Valiant Charger springing to mind. With the demise of Australian vehicle manufacturing those names are destined to become just another part of Australian motoring folklore, but there's another lesser known Aussie performance car, and it didn't come from a major multinational carmaker. It's the Bolwell, Austr...

Budget bonus for first homebuyers

Mark Schneider | 23/06/2017 1:06:52 PM

This year's federal budget contained some good news for hard-pressed people saving up to buy their first home. First homebuyers will welcome the fact that they can now put part of their pre-tax income into their superannuation fund where it can go towards a deposit for a home. From July 1 2017 individuals can put a total of $30,000 into their super fund, or up to $15,000 per year. Couples can put up to $60,000 into super. From there they get the benefits of growing that ...

Are you eligible for salary sacrificing?

Mark Schneider | 8/06/2017 1:24:32 PM

If you think you've got better things to do with your weekly pay than giving large chunks of it away to the taxman then there's a simple strategy to reduce your tax and hang onto more of your hard-earned. It's called salary sacrificing, salary packaging or total remuneration packaging. In simple terms you arrange for your employer to pay some of your household bills for you out of your pre-tax income. That reduces your taxable income and the dollars the taxman can get his hand...

Cost savings with fleet fuel cards

Kirsten Brent | 31/05/2017 12:05:53 PM

When operating a business fleet costs can quickly blow out, especially in terms of fuel usage. With the falling Australian dollar (June 2013) forcing petrol prices to the highest price in years, cutting costs at the bowser has become more important than ever. One way to reduce your fleet costs is by using fleet fuel cards. But just what cost benefits can you receive from utilising fuel cards? We take a look at five of the main areas where your business can save money. 5 main cost savings ...

Tips to reduce vehicle running costs

Kirsten Brent | 31/05/2017 12:05:16 PM

When considering vehicle costs, the first thing that comes to mind is the purchase price, with the everyday running costs often not thought of until later. While this is an easy trap to fall into, it is important to consider your vehicle running costs before purchasing a car as expenses can easily snowball. One way to avoid this is to actively reduce all vehicle costs including insurance, tyres, servicing and fuel. We take a look at some simple tips to make running your car as cost effective ...

6 Strategies to Cut Your Fleet Management Costs Right Now

Kirsten Brent | 31/05/2017 11:59:53 AM

As fuel costs rise and the economy continues to stumble, managing a fleet becomes more difficult. Many businesses must now operate with a reduced fleet management budget, and many need to find creative ways to be profitable and ensure the long-term health of the operation. With that in mind, we consider six strategies that have helped achieve that success.   1. Find Inefficiencies in Actual Costs Budget reduction does not necessarily require sacrifice. Before looking at where t...

Five ways novated leasing can boost your business

Mark Schneider | 31/05/2017 9:00:53 AM

Novated leasing is an attractive option for employees, offering them the pleasure of owning a brand new vehicle of their choice while keeping more money in their pocket each payday. And it can be an attractive tool for business owners who recognise the role that novated leases play in attracting, rewarding and retaining great staff. Let's take a look at five ways novated leasing can boost your business: 1. A tool in salary negotiations Attracting quality candidates is a tough...

Four fuel card features you've never heard of

Mark Schneider | 25/05/2017 12:52:29 PM

You probably already know about the many benefits of vehicle fuel cards such as cutting administration costs, discounted fuel, reducing fraud and improving transparency, but there are a range of other benefits, too, that you may not be aware of. In fact by combining your Fleetcare fuel card reports with the exception reports available from Fleetcare, you'll have a powerful business tool to reduce your fleet running costs in four important ways: 1. Fuel overfills Fuel cards g...

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What's involved in a vehicle service?

Rory Deegan - Online Marketing Coordinator | 26/04/2017 10:07:38 AM

Like most, I personally find car services are like stepping into the unknown. The idea of leaving your car in the hands of a stranger can seem counter intuitive and without knowing what’s happening it can also feel little worrying. What’s being done, what parts are being replaced, what exactly should I expect once the service has been completed? With all of this confusion in mind I set out to find out what was involved in car servicing so I could decode the jargon that left me stu...

Autonomous Car Tech Forging Ahead

Mark Schneider | 5/04/2017 8:54:57 AM

Electric car sales may have stalled but the autonomous vehicle revolution looks set to overtake the motoring world with quite astonishing speed. Around the world carmakers, technology firms and governments are scrambling to embrace the strange new world of autonomous motoring. Computer giant Intel recently bought autonomous vehicle technology firm MobileEye in a $15.3 billion deal. MobilEye's technology for data analysis, machine learning, localisation and mapping for driver assistanc...

Fuel Cards for Small Business - How, why, and where you’ll save money

Rory Deegan - Online Marketing Manager | 15/03/2017 12:31:13 PM

At times, the troubles of managing a small business can be overwhelming. Every entrepreneur eventually realises that running a business is about more than simply going to the wall with a great idea. Logistics, employee management, taxes, and production problems will pose obstacles along the way. The wise small business owner will find ways to simplify and streamline their operation, minimising these problems as much as possible. Fuel Management For businesses that have employees on th...

Misfuelling your car – a costly mistake

Jess Wallace | 8/03/2017 10:02:44 AM

Putting the wrong fuel into your car can be a massive mistake. If the vehicle is driven, the engine can seize and parts of the fuel system may be destroyed. It can easily result in a write-off due to parts costs. At Fleetcare, on average, a maintenance controller will take around 3 calls a week regarding misfuelling. A diesel input hole in a vehicle is bigger than a petrol input hole, so more than likely these calls have been regarding a client misfuelling a diesel car. The pump for di...

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Categories: Fleet Management, Fuel
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