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.
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