The 7.5 hours in the classroom are just the starting point. On average, teachers are at school an additional 90 minutes beyond the school day for mentoring, providing after-school help for students, attending staff meetings and collaborating with peers.
A capital lease is treated like a loan, and the asset is considered owned by the lessee. The tax advantages of operating leases are especially significant for fixed assets such as lighting that are generally depreciated over a very long term (39 years), since the entire lease payment is tax deductible.
Salary Sacrificing. An employee may elect to forgo (sacrifice) a part of their salary, and take a non-cash benefit instead. The non-cash benefit may be subject to Fringe Benefits Tax (FBT):Benefits subject to FBT will be those that would not be tax deductible to the employer or employee, and include such items as rent or mortgage payments, childrenaâ¬â¢childrenÃ¢ s school, fees credit card, payments telephone bills and health insurance. premiumshe non-cash benefit may be subject to Fringe Benefits Tax (FBT): Benefits subject to FBT will be those that would not be tax deductible to the employer or employee, and include such items as rent or mortgage payments, childrenaâ¬â¢childrenÃ¢ s school, fees credit card, payments telephone bills and health insurance. premiums