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
Easy SMB solutions to optimise invoicing
On-time, accurate billing impacts your bottom line and customer relationships. Implementing...
Security and automation eBook
Technological advancements are dramatically changing the landscape of security and automation,...
Facility operations and maturity model: streamlining DC operations
An operations and maintenance program is critical in determining how a data centre is meeting...
