Changing Times - Logbooks and FBT

Michael Hunt and Rory Deegan | 7/09/2012 1:47:15 PM

2011 and 2012 were years of big change in the Australian tax landscape. The headlines were grabbed by new costs on carbon and proposals for mining profits taxes. While all this was happening a major shift also occurred in the area of FBT (Fringe Benefit Tax). In short the new situation will see the rates of FBT flattened to 20% across all kilometre ranges from 1 April 2014. What made the change remarkable was the fact that the previous system actually granted drivers lower rates as a res...

Budget 2012 for the car owner

Rory Deegan - Online Marketing Coordinator | 10/05/2012 10:41:03 AM

There is no getting away from it; the Gillard government is very unpopular at the moment. The Labor party has a primary vote of 27 precent and things are simply not getting any better. With all of this playing on the minds of the Labor front bench, they have conceived what is called the “battlers budget”. While commentators up and down the country analyse the implications in general terms we have taken a closer look from an auto perspective.   The changes In truth t...

FBT (Fringe Benefit Tax) Changes Budget 2011

Rory Deegan - Online Marketing Coordinator | 17/05/2011 1:52:50 PM

This year’s budget change relating to Novated Lease FBT rates on company vehicles has been much talked about since the release of the budget information last week. On our blog this week we wanted to outline these changes for our readers whilst addressing the most common questions relating to the new system. The overhaul will, over a four year time frame, end the lower rates of FBT liability for those who drive in excess of 24,999 kilometres per year. The change to those over th...

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