FRINGE BENEFITS
Superannuation Death Benefits – Who Gets Your Super?
Who decides what happens to your superannuation savings when you die? You might believe that you do, however that isn't generally the situation. A definitive choice might be made by somebody you don't know - the legal administrator or trustee of your superannuation fund. Here’s what you need to know in making a valid binding death benefit nomination.
WHAT IS A CAR FRINGE BENEFIT?
A car fringe benefit occurs when an employer provides a vehicle that they lease or own to an employee for their private use. In case you run your business under a trust or a company, you can qualify as an employee of that trust or company. An employer may avail a car for the private […]
Understanding FBT Rates
When it comes to taking clients out for a quick lunch to discuss key details, it is important to understand the fundamentals of a process such as this. It plays a big role in what you end up getting in terms of overall value from the relationship. There are specific details that need to be […]
FBT
There are some employers who unwittingly get into trouble with the FBT because they do not correctly interpret the infrequent and minor exemptions that are provided for all benefits of $300 or less. The main area of concern for these employers is when they get into trouble when applying for infrequent and minor exemptions in […]