Supporting our communities
23 July 2012
The Boyce Corporate Social Responsibility (CSR) Program was established in 2010 to encourage directors and team members to formalise our commitment to ensuring a positive impact on the communities in which we work and live.
The CSR program is very much driven by the Boyce team; all play a role in determining the direction of the program, the activities undertaken and the causes to support. This shared vision has enabled us to focus efforts in areas where we believe we can make a real and significant difference.
Since the inception of the program, the Boyce CSR Focus Group has been tracking the level of support the firm provides via donations to local charities and events, and through honorary accounting and audit activities for local community-based organisations. The combined level of support across both areas grew from $139,232 in 2010 to $150,706 in 2011. We expect the figures for 2012 (once collated) will continue the rising trend of the past two years.
Boyce to raise funds for the burns support foundation
2 July 2012
The Burns Support Foundation (BSF) is a non-profit organisation established in 1990 to provide support and assistance to burns survivors and their families. The Foundation doesn’t receive any government support and relies solely on fund-raising to operate.
This very worthy cause has been chosen by the Boyce team to be the recipient of funds raised through our participation in the annual City 2 Surf event.
BSF is managed by burn survivors, relatives of burns survivors and professional staff working for the NSW Severe Burn Injury Service who volunteer their time. Support services offered by BSF include a parent/carer support group, a young adults group, a telephone help line and referral service, a newsletter and family camps which are run biannually. BSF also provides some direct assistance to individual burns victims such as purchasing high quality wigs and providing financial assistance in circumstances of extreme hardship.
Client survey reveals BFS is on track
2 July 2012
In a recent client survey, more than 90% of respondents indicated that they believe their Boyce Financial Services (BFS) advisor has their best interests in mind and more than 86% indicated they were either satisfied or very satisfied with the service provided by BFS.
Lindsay Garnock, Director of BFS, was extremely pleased with the results of the survey, given the challenging market conditions over recent years.
“Our aim is to provide a quality financial advisory service to regional individuals, families and businesses – I am encouraged that the client survey results indicate we are achieving this aim,” said Lindsay.
FBT and commercial vehicles
2 July 2012
A common question, particularly from farming and tradesmen clients, at the start of the Fringe Benefits Tax (FBT) year is whether a work vehicle provided to an employee is FBT free, and if there is a difference between providing a car or a commercial vehicle (such as a dual-cab utility).
The answer is somewhat complicated – but we’ll attempt to provide some clarity to assist you.
CARS
Generally, if you provide a car to an employee (or their associate) and the car is either applied or deemed to be available for private use, a car fringe benefit will arise and therefore is subject to FBT.
How long is it since you completed a motor vehicle log book?
2 July 2012
If you rely on the log book method to claim your motor vehicle expenses, you should be aware that the Australian Taxation Office (ATO) requires you to complete a log book every five years, or prior to this if your circumstances change.