Wow, the time has flown by and the end of the Fringe Benefits Tax (FBT) year is almost here. Accountants are in a flurry trying to prepare returns and audits....
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It’s that time of year, the run out sales are on and you pop down to the car yard to nab yourself a bargain on a runout deal. And rightly so, it’s a great time of year to purchase, if you’re careful. But not every car is such a great bargain with these deals, below are some tips to keep an eye out for. 1. Has the car been pre-registered? Has the selling dealer already registered the motor vehicle, if so you may be missing some of your new car warranty. If the car was registered back in September, for example, you could be missing 3-4 months warranty before you even left the driveway. It’s not a problem now, but in 3-5 years as your warranty expires and the warranty doesn’t match your annual service cycle, you could be in for a nasty shock, or bill. 2. Where has the…
What is Salary Packaging? Salary packaging is an Australian Tax Office (ATO) approved way of receiving benefits, such as motor vehicles, self-education expenses, airport lounge membership and many more, by...
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So, you just pulled into your local service station. The price of fuel is extortion, to say the least. At 168.9 cents per litre and that’s for 91 unleaded, if you want premium or need premium for your vehicle, there is another 10c per litre! If this keeps up, you will either have to start looking for other methods to power your vehicle or start walking everywhere. Get a 30-60 cent a litre discount on fuel every time regardless of the exorbitant price, day or even the location. Now, if you could in effect get a 30-60 cent a litre discount every time regardless of the exorbitant price, day or even the location, would you think it’s too good to be true? A novated lease allows this to happen, for unleaded, premium and diesel fuel. Here’s a quick calculation: Billy Smith fills up his Nissan Xtrail with 48 litres at a cost…
Are you looking for a low-cost option as a second runabout car for the family? Or maybe a first car for your son or daughter? Look no further, at only 15k, the Kia Rio is the battlers bargain. While the Kia’s price range used to be synonymous with the bare basics, the new Rio gives it’s low-cost rivals something to be worried about. Head into your local Kia Showroom, there is a Kia Rio waiting for you to get behind the wheel. Total Confidence with Kia Rio’s 7 Year Warranty Before you scoff or spit your tea and coffee across the kitchen table, consider warranty. On a Novated lease, this car on road for an automatic with 7 years warranty is under 15k. Now think about what you would get second hand for 15k? A 3-year-old Corolla, albeit slightly larger, but it will have 60,000kms on the clock or…
Hyundai, pure and simple, I take my hat off to you. I drove your i30 Elite for 24 hours and almost fell in love. And this from someone who normally only drives a car if it has a minimum of 300hp. Your car was easy to use, it was well equipped and got the job done. There was no need for a 5 minute Google on how to use the sat nav. All that was involved was for me to plug in the Apple CarPlay and away I went. The simplicity was refreshing. The i30 has every feature a new first car buyer wants from sat nav to folding electrical mirrors. It’s on-road handling for a Korean car is immaculate and gives enough feedback to let the driver know there is an issue or poor surface below. A far cry from some of the Japanese built and supplied products, such as…
Wow, the year has gone by fast, with only another twenty-four Tuesday’s till Christmas. Apart from the cold weather, the Origin and the lack of motivation to go outside and get moving, there is one thing on everybody’s radar, Tax time. And therefore, with this comes Payment Summary Shock, or PSS, as it’s known in accountant circles. Symptoms usually seen or associated with this conundrum are bewilderment, the occasional piece of blue language and ultimately, frustration. Most people take their Payment Summary into the accountant to file a return and are often met with the accountant shaking their head and being told that there is nothing they can do about the hideous amount of tax they have just donated to Scott Morrison and Uncle Malcolm. Strangely enough, there is something you can do to change this and this time of year can be a great time to motivate yourself. Don’t let Payment Summary…
It’s almost June and all the car dealers and manufacturers are out spruiking their wares and dangling incentives to get you into the showroom. But are you able to get the best deal when you’re up against a seasoned car salesman? with can you get the best deal when you the is it really the best time of year to buy that new car or is it all just hype? As an industry insider with access to all the info, we know it can also be a time when car dealers rub their hands together and try to shake down the average punter for everything they’re worth. Yes, you are more likely to get a better deal during this time as car dealers are frantically trying to meet yearly sales targets and clear outdated stock but really, do you stand a chance against a seasoned car salesman to get the…
A common question we get at SPA is “Do I have to work in government to take up a Novated lease?” We want take a moment to clear up this misconception. Novated leasing has been favoured by many levels of government for the last 15 years. But unbeknownst to many people, all companies can set up novated leasing for their staff. Many in payroll find the task daunting when trying to run the program internally, due to remembering to pay a staff members rego or re-imbursement of fuel receipts etc. Most payroll officers simply don’t have time for a cup of tea let alone another 5 hours of work every week. SPA is an outsourced fleet management and accounting service for your employees. In layman’s terms, your payroll team only need to follow up a few basic steps and SPA can do the rest. The steps are: 1. Payroll will set up…
Why watch game 3 on TV at home when you can win a STATE OF ORIGIN Game 3 package and be a part of the action at Brisbane’s Suncorp Stadium on 11th July, 2018. All you have to do to go into the draw is submit a quote request via phone, email or in person for any SPA provided benefit and if you are a QLD resident, you could win!! This STATE OF ORIGIN prize package includes: Two Platinum Tickets to State of Origin Game 3 in Brisbane Return Flights to Brisbane* 1 Night accommodation at Rydges Southbank Limo transfer from Brisbane Airport to the hotel $300 spending money QLDers look after QLDers!! The team at SPA has your back, helping you save and pay less per week. Don’t send your money South of the border, get a novated lease from a local, Brisbane based company. Get your quote now…