Tag Archive | "method"
Car Finance Tax Traps
When you are self employed (ABN registered) it is important to understand how your new purchase may be impacted by the Goods and Services Tax (GST), specifically to the method you choose to fund your new car. Did you know that if you claim GST for the amount included in your vehicle purchase price, equally you
Continue reading...Equipment finance by way of rental
Thursday, July 1, 2010
The new financial year has started and for many a tax bill will be inevitable. As such, it may be not be a good time of year to purchase that piece of machinery required for your business. Fortunately, another method of finance is available.
Continue reading...Save tax with Novated Lease
Thursday, July 1, 2010
We are now at the beginning of a new financial year and why not use this time to ensure that your car is financed in the most tax effective way. A novated lease is a tax effective way of financing your vehicle. Many employers provide this method of financing to their employees in an endeavour
Continue reading...Increase your income with car finance
Wednesday, March 3, 2010
Who would have thought that by taking out car finance you could increase your take home pay. Well it is true! By financing your car by way of a novated lease your car repayments are taken from your pre-tax income. This method is commonly known as salary sacrifice.
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Thursday, March 31, 2011
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