Eliminate Fringe Benefits Tax From Your Vehicle Fleet!
Introducing Structured Fleet Branding plan.
For many of our customers the first thing they ask is “How is this possible?”. Auto-Ad has made it very simple and we have the full backing of the Australian Taxation Office (ATO). As many of you will know, any individual that receives a benefit (of almost any kind) from an item, such as use of a car, that is paid for by their employer (or company account) is liable to a Fringe Benefit Tax liability. We haven’t changed this.
Introducing Structured Fleet Branding plan.
For many of our customers the first thing they ask is “How is this possible?”. Auto-Ad has made it very simple and we have the full backing of the Australian Taxation Office (ATO). As many of you will know, any individual that receives a benefit (of almost any kind) from an item, such as use of a car, that is paid for by their employer (or company account) is liable to a Fringe Benefit Tax liability. We haven’t changed this.
At Auto-Ad we invoice the Client Company for Advertising that we place on our rental car fleet. The Advertising Revenue is then used to subsidise the rental cost of the rental fleet. What this means is that we create a monthly invoice for Advertising to the Client Company from Auto-Ad. The driver is required to complete and sign a rental agreement that details the weekly car rental to be paid by the driver out of their net, after tax, income.
Why do we do it this way? By following the guidelines set out by the ATO you can claim all the costs invoiced by Auto-Ad. As we subsidise the car rental costs, all the motor costs become encapsulated in the very small weekly rental amount for the car. The driver can also claim back the some or all the rental amount (even if they are only doing as little as 5000 business kms per year) with their normal yearly tax returns.
Why do we do it this way? By following the guidelines set out by the ATO you can claim all the costs invoiced by Auto-Ad. As we subsidise the car rental costs, all the motor costs become encapsulated in the very small weekly rental amount for the car. The driver can also claim back the some or all the rental amount (even if they are only doing as little as 5000 business kms per year) with their normal yearly tax returns.
