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6095343_s edit 2I read somewhere that the secret to a great urban myth is a tiny bit of truth.  Well that certainly rang true for me when, midway through a delicious mouthful of Calamari, my dining companion ever so thoughtfully mentioned that I might actually be munching on Pig Rectum as a common replacement for Calamari.

Thankfully, myths about Tax aren’t quite so nauseatingly graphic but they’re guaranteed to have sickening consequences if the tax department catches you believing them.  Have you been suckered into believing any of the top ten tax myths? (more…)

Need to pay Fringe Benefit Tax on your car?

November 10th, 2011 | Posted by Accountants Auckland in Fringe Benefit Tax | Motor Vehicle Fringe Benefit Tax - (Comments Off on Need to pay Fringe Benefit Tax on your car?)

Fringe Benefit Tax on company carThink you don’t have to pay Fringe benefit tax on your company car because you only ever use it for business?  Well think again because the crafty law makers created the rules with that little excuse very much in mind.  Instead the rules look at whether your car is actually available for personal trips so even on those days when the car’s sitting at home completely unloved and unused it’s very much available and, in the eyes of the Inland Revenue, up for Fringe Benefit Tax.

Thankfully there’s a way out and that’s to store the company car (more…)