Tag Archive for: logbook

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Fringe Benefits Tax 2020

April 6, 2020/in Tax Planning /by Salisbury Accountants & Business Advisors

What every employer needs to know about fringe benefits

On 31 March 2020, the Fringe Benefits Tax (FBT) year ends. With the ever-increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.

To help you meet your fringe benefits obligations, […]

Claiming car expenses

July 3, 2019/in Bookkeeping /by Salisbury Accountants & Business Advisors

Common car expense claim questions answered

As a taxpayer, if you use your own car for work purposes, you can claim a tax deduction using one of two methods — the cents per kilometre method or the logbook method.

If you use someone else’s car for work purposes, you can only claim for direct costs […]