FBT - easiest way to handle

Discussion in 'Business Accounting, Tax & Legal' started by SH, 19th Aug, 2013.

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  1. SH

    SH Member

    Joined:
    1st Jul, 2015
    Posts:
    10
    Location:
    Sydney, NSW
    Hi

    Quick question re FBT.

    What is the simplest way to deal with FBT if a log book has been kept and the log book shows 90% business use (ie 10% private use) on less than 10,000 km per year. For example, can the company choose to claim only 90% of the running costs/expenses re the car, or is there still a need to register for FBT, record it and pay in the BAS statements etc? We'd like the easiest possible way to handle the issue properly.

    Many thanks
     
    SH, 19th Aug, 2013
    #1