Tag Archives: FBT

Log books: keeping you out of trouble

The ATO is critically looking at car log books to make sure they have been correctly completed. Generally you need to keep a log book for at least 12 weeks, and once you have kept it, you can in most … Continue reading

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Federal Budget 2015.

The Abbott government handed down its budget for 2015-16 last night Many key Budget announcements that comprised the Government’s small business package were announced (or “leaked!”) pre-Budget and confirmed in the Budget papers. These include: Accelerated depreciation across multiple areas … Continue reading

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FBT and cars – Driving you crazy

In mid-July, the Government sparked a frenzy when it announced plans to remove the statutory formula method for salary sacrificed and employer provided vehicles. The announcement has meant that most businesses, and as it turns out Governments, have postponed entering … Continue reading

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