ASCOT Wealth News

Ph: +61 3 9373 2160

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30

Oct
2013

Photos taken using a smartphone, are they as good as taking a photo using an expensive SLR? You decide!

Both these photos were shot on an iPhone so clearly you don’t need to spend upwards of $3000 on camera gear in order to take a good photo. In fact you don’t need to spend any money at all, because the best camera is the one you have in your pocket: your phone. At least that’s the opinion of Cameron Spencer who was recently nominated as a finalist in the Nikon-Walkley wards for sport photography.

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09

Oct
2013

The US president is not amused!

On Sunday Republican House Speaker John Boehner reiterated that Republican lawmakers would not agree to raise the debt ceiling unless it included measures to rein in public spending. Is it cause for concern? Well let’s just say it makes for interesting reading.

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14

Aug
2013

Proposed changes to FBT on cars

In a recent press release, Treasurer Chris Bowen confirmed the Rudd Government’s decision to terminate the Carbon Tax and move towards a floating price a year earlier. To partially fund the loss of revenue, it is proposed to tighten the requirements for salary packaging a car under Fringe Benefit Tax (FBT) by abolishing the Statutory Formula method for arrangements entered into from the date of announcement. Those affected would need to use the operating cost method. The Statutory method would not be available for FBT years commencing 1 April 2014. The operating cost method requires those to keep log book of business use of the leased vehicle to be kept for a continuous period of 12 weeks in the first year. For arrangements entered into before the date of announcement the statutory method may continue to be used while the lease arrangement remains in place.

Source: MLC

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