What are the Features and Benefits of the 2009 Salary Sacrifice Calculator?
• The program covers all of the major fringe benefits; • Thresholds and tax rates can also be updated to reflect any changes in marginal tax rates and the FBT rates; • Provides reports which calculate: • the amount to be salary sacrificed for each benefit; • an employee’s reportable fringe benefit amount; • the tax savings on each and every benefit; • Allows employees to compare salary packaging a car with and without employee contributions; • Compares cars under the Statutory formula against the Operating cost method; • Handles all FBT employers – taxable, rebatable and exempt; • Virtually no FBT experience is required to use the software to save $’000s; • A password feature ensures the integrity and privacy of the information contained within the software is maintained; and • All salary sacrifice calculations take into account changes to income tax rates and the FBT rate.
