The ATO have stated that employers could be taxed if they host Christmas parties when the free food, alcohol, hotel accommodation and travel exceed the specified threshold.
As stated on their website, there is no separate FBT category for Christmas parties.
1952: High Beam Assist
The Autronic eye, its original name, was an invention of the General Motors Guide Lamp Division. Oncoming light was detected through a light-sensing cylinder, this signal would be processed by an amplifier to trigger a low beam.
1948: Cruise Control
Modern cruise control was an invention of Ralph Teetor.
Myth: Novated leasing is an administrative nightmare
Novated leases are sometimes perceived as a whole lot of administration and paperwork throughout the entire lease. This is certainly not the case – Remunerator’s process is designed to be stress free and as simple as possible.
If you haven’t already heard, Australia’s car sales are booming with record numbers in the last few months. Mazda takes the lead across all lanes in Novated Leasing, National Sales and Customer Satisfaction.
The Top 10 vehicle brands that have been novated and sold in August prove exactly that.