Remuneration services and fleet leasing specialist McMillan Shakespeare says its business has fully recovered from the effects the the previous government's proposed changes to novated leasing benefits.In July last year the then-Treasurer Chris Bowen announced that the government would change the fringe benefits tax rules to remove tax concessions for personal use of salary-sacrificed or employer-provided cars.The Coalition scrapped the changes when it was elected last September.Despite the fact that the changes were never implemented, McMillan Shakespeare said at the time that employers "shut down" remuneration programs.Yesterday that company reported that profit for the year to June, at A$55 million, was 12 per cent lower than the previous corresponding period. It said this was due to the impact the the proposed FBT changes.Net profit for the group remuneration services division, which provides administrative services for salary packaging and novated leases, was down 10.3 per cent.The division's performance picked up in the June half.Profit for the smaller asset management division, which finances motor vehicles, commercial vehicles and equipment, was down 7.3 per cent.