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EV FBT exemption hitches: cautions for 2024

The clock ticks towards March 31st, the end of the Fringe Benefits Tax year. Employers are gearing up for “Check your Odometer Day” to report their car usage in the hopes of saving on their electric vehicle tax (EV FBT). But under the…
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Swerve out of car FBT record keeping roadblocks

31st of March every year marks the time to read the car odometer; not for the next visit to the mechanic, but for car FBT (Fringe Benefits Tax) reporting on your business' vehicles. You’re providing a car and it’s your obligation to report…
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FBT in 2023

2024 update: since these electric vehicle concessions were released, the ATO's been catching out business reporting incorrectly and hybrid electric vehicles have different rules. Head to our 2024 article for all the details. Fringe benefits…
electric car FBT

Who can get the new electric car tax concession?

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. FBT free electric cars Electric vehicles (EV) represent just under 2% of the new car market…
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Your car log book: what you need to prepare

Using your car for work purposes? Here's what you need to record depending on the method used, including your car log book, what you can claim and for how long. If you're an employer, read our FBT guide and how to ease the process of…

The truth about 0% car finance offers

Seen an offer along the lines of: ‘Drive away, 0% finance to pay’? Well, like most things in life, when it sounds too good to be true, it probably is. Finance offers like 0% (or other low interest rates) for new cars exist for a reason:…