By Christie Lewis

May 10, 2011
The Government will change the fringe benefit treatment of cars to remove the unintended incentive for people to drive their vehicle further than they need to, in order to obtain a larger tax concession. Under the ‘statutory formula’ method, a person’s car fringe benefit is determined by multiplying the relevant ...
Read the full article →
The Medicare Levy is not payable (or is payable at reduced rates) by individuals and families on low incomes and by certain pensioners. From the 2010-11 income year, the Medicare levy low-income threshold will increase to $31,789 (up from $31,196) for couples, and to $18,839 (up from $18,488) for singles. ...
Read the full article →