Yes, it’s true. Sort of, kind of anyway! Some of you are now eligible to have a company car without the sting of paying Fringe benefit tax (FBT) on it. Nothing’s quite that simple though especially when it comes to the intricacies of tax legislation and there are, of course, a whole string of eligibility requirements. We’ll cover a few of them below but this type of thing is complex and riddled with fish hooks so it’s well worth having your Chartered Accountant review your situation properly before you do anything rash.
As many of you know we’re just back from Jordan (that place beside Syria) so what better time to release our travel newsletter, with its usual edge of humour to offset the academia. Understandably the accounting industry tends to lack humour and I doubt very much that travel review websites, like trip advisor, were invented to provide comic relief either but they seem to have achieved it nonetheless. Some of the most entertaining reviews I’ve read will unfortunately be etched in my brain for life … particularly the unlucky traveller who, while enjoying a quiet drink by the pool, was “spewed on from the balcony above” and the couple furious about sharing their room with “Midgets” (in their words, not mine). Ignoring typo’s (such as Midges*) what you post on public forums matters especially when you’re on a business trip. What most people don’t realise is that submitting reviews and posting business updates, on social media platforms, can really strengthen your travel claim when you’re facing off against an IRD investigator. It can also work against you so read on for more tips:
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