Shaving the fringes from fringe benefit taxes
Supplied by Navman Wireless Australia on Tuesday, 30 June, 2015
Fringe benefit tax is a major component of the cost of a fleet of vehicles that are also made available for private use.
Tracking the operating cost of a vehicle instead of paying the statutory 20% fraction can cut tax liability by 42%, but manual log books are labour intensive and often inaccurate. Technology that can automatically compile logbook entries can alleviate this problem, saving fleet owners thousands per vehicle per year.
Related White Papers
The 2014 Service Outlook
Competition in service is very real and is forcing organizations to re-think their value...
The Path to Service Transformation
[White paper] Your guide to industrial limit switch technology
Straight-forward and cost-effective switching...
