How to Calculate FBT on Cars

Рет қаралды 2,895

TwelveAccounting

11 ай бұрын

Derek will explain the 2 methods to calculate FBT on Cars and how the calculations work.

Пікірлер: 10

@williamveramendi7738 2 ай бұрын

Thank you very much Derek. Your video is the best explaining car FBT and it help me a lot for my checking of my FBT calculations. My accountant of 20 years plus doing my returns was not able to help me. Thank you.

@yinggao4885 5 ай бұрын

This whole set of calculations is really helpful for me to understand. Great effort! Great video!

@TwelveAccounting 5 ай бұрын

Great to hear!

@imakethings17 11 ай бұрын

Great webinar, as always. I'd love you to do a webinar on whether or not it makes sense for the company to buy a spouse/child a vehicle with 90%+ private use (ie little/no work usage), as I'm sure you get asked that a lot!

@TwelveAccounting 11 ай бұрын

i'm going to do a video on "should i buy a car in company name or my name?" very soon. there will be a tipping point, based on the private use of the car that will give the answer. Spoiler alert, it will be a lot less than 90% private. derek

@NareshBhatt7 11 ай бұрын

Hi Derek , I am your big fan. Love from India.

@chanakaabeytunga6042 11 ай бұрын

Thank you very much ❤, l learn a lot from you. Nicely presented and all the essentials are included. Really appreciated 👍

@IvonnePerez-yt4zx 2 ай бұрын

Thank you I really enjoyed this video, very well explained

@yuli8390 11 ай бұрын

much appreciated!

@freakybeast5068 7 ай бұрын

Great video. Thanks for the content. I am confused by it all, though. I am looking at a novated lease for an EV through my government department that i work for. Is the gross up method type 2 applied to the EV lease for me at the end of the year? Or because its a lease, does the government department do the type 1 gross up and i still have to report the FBT at the end of the year? Also is the GST still factored in on the vehicle cost with the EV novated lease?