Fuel Allowance
The boss wants to give some employees who use their own car to carry tools etc an allowance of around $50 per week as a contribution to their fuel cost.
I don't think he can legitimately refund a fuel receipt and claim it as his own fuel expense so I want to confirm how this should be handled. My assumption is that we set up a Fuel Allowance Payroll Category and set the Tax Category to Allowance - Travel. The we simply add the $50 per week to this category for the selected employees. Is that about right?
Hi TheRob,
Thank you for your post. Our help article Allowances has instructions on how to set this up within AccountRight, if you're not sure about the tax calculation this would be best to check with your Accountant or financial advisor.
Please do let me know if you have any further questions.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
