atw: Re: Buying a new laptop
- From: <Cathy.Morison@xxxxxxxxx>
- To: <austechwriter@xxxxxxxxxxxxx>
- Date: Tue, 18 May 2004 13:19:19 +1000
Thanks Carole. =20
In my case, I am self-employed (sole trader). I don't pay myself a =
salary as
such, I just take what is left over after I pay the business expenses. =
I pay
tax on that.
If I bought the computer as part of the business expenses, it would come =
from
my pre-tax income anyway, wouldn't it? (Or at least the depreciated part =
of
it). Perhaps I need to get out the calculator as well.
Cheers,
Cathy
Cathy Morison
Technical Writer
Database Development, PMD
Geoscience Australia
ABN: 80 091 799 039=20
Website: www.ga.gov.au=20
-----Original Message-----
From: Carole Dacey [mailto:carole_dacey@xxxxxxxxxxxxxxxxxxxxx]=20
Sent: Tuesday, 18 May 2004 1:05=20
To: 'austechwriter@xxxxxxxxxxxxx'
Subject: atw: Re: Buying a new laptop
For those of you thinking of salary sacrifice, here is a quick method of
working out how much it will cost you:
a. Divide the laptop by 1.1 to remove GST
b. Subtract the % income tax you're on from the GST free amount to get =
the
cost
e.g. laptop cost is $2200 incl GST, and your tax rate is 35%.
a. 2200 / 1.1 =3D 2000
b. 2000 - 35%(2000) =3D $1300
Our company allows salary sacrifice and many of us take advantage of it.
Cheers=20
Carole
-----Original Message-----
From: austechwriter-bounce@xxxxxxxxxxxxx
[mailto:austechwriter-bounce@xxxxxxxxxxxxx] On Behalf Of Elizabeth =
Fullerton
Sent: Tuesday, 18 May 2004 12:53 PM
To: austechwriter@xxxxxxxxxxxxx
Subject: atw: Re: Buying a new laptop
I'm about to be in the market for a new laptop, too (since mine was =
recently
removed from my house by someone whose fingerprints identify as a =
transient).
I'm certainly going to consider the salary-packaging option, there was =
an
article about it in the new Choice Money magazine (or whatever it's
called) - the example they gave was someone purchasing a $5,000 computer =
and
saving just under half of that by packaging.
I'd like some opinions though - I'm considering buying a Mac. I'm sick =
to
death of all the MS patches that need to be applied, and all the viruses =
that
run rampant through the patches. My flatmate had a Mac laptop (until it =
was
removed by the same fingerprinted individual) - and she just used the
software that it came with, with no problems. She's not a power
word-processor user by any means, but she did write a book on it. She =
also
used it to bring work home, and I don't think she suffered any
incompatibility problems (Windows at work).
I've used both Mac and PC in my chequered career, and though I haven't =
used
Mac in a while I never had any issues with it, apart from Word for Mac =
being
so crap (at the time, might be better now).=3D20
Do people have preferences for Mac or PC laptops? and why?
=3D20
-----Original Message-----
From: austechwriter-bounce@xxxxxxxxxxxxx
[mailto:austechwriter-bounce@xxxxxxxxxxxxx] On Behalf Of Stewart Walker
Sent: Tuesday, 18 May 2004 12:25 PM
To: austechwriter@xxxxxxxxxxxxx
Subject: atw: Re: Buying a new laptop
One thing to consider is that laptops get a
concessional treatment from a fringe benefits tax
viewpoint. If your employer offers salary packaging,
it's cheaper to include a laptop in your package and
get a reduced cash salary, than it is to buy it with
your after-tax pay.
This is just my understanding, I'm not an accountant
or lawyer, get your own indepdent advice, etc, etc.
Cheers
Stewart
--- Cathy.Morison@xxxxxxxxx wrote:
> I really need a new laptop and now is probably about
> the best time of =3D3D
> year to
> buy one.
>=3D20
> However, what are your experiences on the relative
> merits (financial/tax
> advantages) of paying cash, business lease/rent or
> hire purchase?
>=3D20
> As you can guess, I am not a very financially
> literate person!
>=3D20
> Any advice appreciated.
>=3D20
> Cathy Morison
> Technical Writer
> Database Development, PMD
> Geoscience Australia
> ABN: 80 091 799 039=3D3D20
> Website: www.ga.gov.au=3D3D20
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=3D09
=3D09
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