Practical Compliance Guideline: Exempt car benefits and exempt residual benefits: compliance approach to determining private use of vehicles can be accessed here for your records.
Read the full article at AccountantsDaily.
ATO’s tougher stance on work vehicles ‘need attention’
The ATO’s recently revised guidance on fringe benefits tax (FBT) will require clients to be more careful with their private usage of work vehicles, as part of a broader clamp down on work-related expenses.
