Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$85.80
Document Type
Chapter
Pages
39
Notes Online Home 2014 FBT Car fringe benefits – the biggest cost, the biggest risk!
In this chapter of the seminar notes we discuss the latest changes for 2014 when providing car fringe benefits. In particular, the following broad topics:
- When a car fringe benefit arises
- Statutory formula method under the ATO’s audit microscope in 2014
- An essential guide to the Operating cost (‘log book’) method – avoid costly mistakes
- How to identify if a car fringe benefit is a Type 1 or Type 2 benefit
- ‘Cutting edge’ FBT planning strategies with cars – literally save $’000s
- Choosing between the Operating cost and Statutory formula methods – an NTAA guide