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
Your fleet is your canvas for maximising profits
Maintaining a fleet of vehicles, no matter how small, is considered a major operating expense...
IoT, connectivity and the new look electrical industry — an eBook
Smart cities and smart grids facilitate two-way energy and information flow...
Maximise your distribution growth with digitisation — an eBook
Digitalisation is essential to the longevity of your business and crucial to improve your growth.
