Hundreds of thousands of Australian workers will find themselves in higher tax brackets after [the] federal budget left tax brackets unchanged. The failure to reset tax brackets will push the average full-time worker, earning $78,000 a year, into the second-highest tax bracket in 2015-16, with any […]
FRINGE BENEFITS TAX AND SALARY PACKAGING FBT rate The FBT rate is being increased from 47% to 49% to align with the highest marginal tax rate inclusive of the Temporary Budget Repair Levy of 2%. Whilst the increased income tax […]
THE REAL IMPACT OF THE RUDD GOVERNMENT’S MOTOR VEHICLE REFORMS Figures consolidated and released today from ASPIA (Australian Salary Packaging Industry Association) confirm that the costings behind the Rudd Government’s proposed motor vehicle reforms are flawed and have been collated […]
ASPIA President Leigh Penberthy, interviewed by Neil Mitchell. Click here to listen!
The Federal Government yesterday announced some significant changes to the treatment of the Fringe Benefits Tax concessions in relation to motor vehicles and a Novated Lease. As both the CEO of LeasePLUS and the President of the Australian Salary Packaging […]
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 […]
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 […]