The Australian Salary Packaging Industry Association (ASPIA) has reviewed the announced changes to Australia’s Motor Vehicle Fringe Benefits Tax concessions and is disappointed that such a significant change to legislation has occurred without appropriate consultation. ASPIA believes that the changes […]
The Government will make the tax system fairer by ensuring the fringe benefits tax exemption for cars is targeted to actual business use rather than including personal use This reform will remove the statutory formula method for both salary-sacrificed and […]
Executive Summary Without consultation, the Government today announced that the statutory formula method for salary-sacrificed and employer-provided cars will be removed for new contracts entered into after announcement, with effect from 1 April 2014. Existing contracts that are not varied […]
A major blow for business as FBT administration on cars set to skyrocket Melbourne – July 16, 2013: A costly blow is expected to be delivered to both businesses and employees as fringe benefits tax (FBT) administration on cars becomes […]
Finally, we have a solution for the in-house salary packaging administrator who wants to cut down on processing time and perform the processing on the go or while sitting with the employee. SalPackPlus delivers all the smarts required to process […]
Impact from the Federal Budget to affect the NFP and Public Health sectors. The Medicare levy will increase to 2% from 1 July 2014 to fund the Government’s Disability Care Australia reforms. Revenue raised from this measure will be paid […]
The Federal Government has again deferred the long awaited legislation as it relates to the Not for Profit sector where it was seeking to remove the FBT and other concessions where the NFP performed unrelated commercial activities. The original plan […]
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