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Tag: FBT

20 articles tagged with "FBT".

04 June 2020

Need help with your tax?

Take the stress out of tax time with one of Australia’s leading tax experts. Call Mr Taxman today on 1800 TAXMAN (1800 829 626) or drop an email to adrian@mrtaxman.com.au

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17 May 2020

2020/21 fee schedule

If you would like one of Australia's leading tax experts and author of top-selling 101 Ways to Save Money on Your Tax - Legally!, then please be advised that my schedule of fees is as follows:

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28 May 2017

101 Ways to Save Money on Your Tax Legally

101 Ways to Save Money on Your Tax – Legally! is the Australian taxpayer’s essential guide to maximising returns. Comprehensively updated for 2017-2018, this indispensable resource explains all of the changes to the May 2017 budget to help you pay what you owe and not a penny more. You’ll find answers to common questions, tax traps to avoid and plenty of tips from Mr. Taxman himself that can save you hundreds or even thousands of dollars!

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21 Apr 2017

Super changes push more to family trusts

With dramatic changes to superannuation just 10 weeks away, family trusts are becoming more popular as the "next best" investment vehicle for those who have more to invest than the new super rules will allow. Financial advisers note a marked increase in clients wanting to set one up, either dismayed by how little they'll be able to get into super after July 1 or fed up with government changes to retirement savings.

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26 July 2013

8 frequently asked questions about the FBT changes answered

I’ve spoken on several occasions about the benefits of using a log book to track your vehicle’s expenses and usage. By maintaining a record of capital costs, upkeep and other outlays you can claim your vehicle as a tax deduction. Many of you have been concerned about the change and what it means for you – below are eight answers to your most common questions.

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19 July 2013

Could the Carbon tax reform hurt the Australian car industry?

Tax changes announced by the government could have an impact on Australian car production, warn industry insiders. Prime Minister Kevin Rudd confirmed that the existing carbon tax would be removed; replaced with a separate emissions trading scheme. This would reduce the current carbon tax from $25 a tonne to only $6 per tonne. To make up for the $4 billion in revenue lost by the cut in the carbon tax, Rudd's government proposes to reform an existing 20% fringe benefits tax for cars. It's expected that this could have a serious impact on new car sales as a result.

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16 July 2013

ATO announces its "hit list" for 2013/14

Today the ATO has released "Compliance in focus 2013-14" which replaces their previous annual compliance program booklet. This new online product, which the ATO developed in consultation with tax professionals, will be updated throughout the year to keep you informed of new issues and risks as they arise.

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26 Nov 2012

Car travel involving a family member

Where an employee's duties of employment are inherently itinerant in nature, is their journey between home and a work location in their employer's car a 'business journey' as defined in subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) if they transport a family member during part of the journey? We have a look at a recent ATO Interpretative Decision

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28 Nov 2011

Book launch - 101 ways to save money on your tax

Do you detest paying tax, but like receiving a tax refund cheque in the mail? Are you getting all you're entitled to? You could be letting the government keep hundreds, even thousands, of your hard-earned dollars each year - and you wouldn't even know about it!

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