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THE EFFECT OF THE FEDERAL ELECTION RESULT ON
Novated Leases - Over Exposed - And Over Rated ?
5 Alerts on non commercial basis car salary sacrificing
Living Away From Home Allowance for Mining Employees
Car Novated Lease Alert

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THE EFFECT OF THE FEDERAL ELECTION RESULT ON

THE EFFECT OF THE FEDERAL ELECTION RESULT ON
SALARY PACKAGING FOR PBI's
 
Now that the result of the 2013 Federal election is known, the proposed abolition of the statutory formula car FBT election, by the prior Government, will now not occur, as the Coalition has clearly stated they will not abolish the statutory formula method, which does not require log books to be completed, nor does it require any car business use to apply.
 
PENDING FRINGE BENEFITS TAX AND OTHER TAX CHANGES
 
As the Medicare levy is rising to 2.

5 Alerts on non commercial basis car salary sacrificing

FIVE ALERTS ON NON COMMERCIAL BASIS CARSALARY SACRIFICING
 
 
The following scenarios have recently been referred to Bob Millikin, fromSalary Packaging Gurus, by employers, and tax agents, for his thoughts of the eligibility of their structures to be accepted by the ATO as being transacted on an arm’s length and on a commercial basis.
 
A)  $48,000 CAR - VASTLY EXCESSIVE 24 MONTHASSOCIATE LEASERENTALS - IMPLIED RESIDUAL VALUE WAY TOO LOW - INCORRECTLY STATED  LARGE SAVINGS IN RECIPIENTS AFTER TAX PAYMENTS