Bank finance articles and tips

The trend of purchasing a car under a novated lease arrangement is rapidly increasingly across Australia. A novated lease is an agreement between an employee, his or her employer and a car finance company. This type of agreement is generally beneficial to all the related parties.

So, how does a novated lease work? Simply put, a novated lease allows a company to provide an employee with a vehicle which incorporates the lease repayments as part of the employee's total remuneration package. In doing so, the company can satisfy their tool of trade fleet requirements as well as providing greater flexibility and incentives for their employees....

If you are a taxpayer who owes back taxes, no matter what the reasons, you do have options available to you when dealing with the Internal Revenue Service commonly referred to as the IRS.

The first option to consider would be the IRS installment agreement, if the amount owed is less than $25,000 then this agreement would be the logical approach. IRS charges between $43 and $105 to process the agreement. In majority of the cases the agreement approval is automatic.

This agreement allows you to pay your full debt in smaller, more manageable amounts. The amount of your installment payments will be based on the amount you owe and your ability to pay that amount within a defined period not to exceed five years.