• Feature Article
    Feature Article

GST – Interaction between GST and FBT

When it comes to entertainment expenditure, particularly entertainment by way of food or drink, the income tax, FBT and GST laws interact with a semblance of consistency. This article looks at this in the context of entertainment expenses.

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FBT – Car Parking: is it really a commercial car parking station that is above the threshold?

Before determining you have an FBT liability on car parking, it may pay to check the ‘above the threshold’ car park is both above the threshold and a commercial car parking station.

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FBT – Can cars provided under novated lease financing be pooled cars for FBT reporting purposes?

Where an employee is provided with a car as part of their salary package, and the car is provided by way of novated lease financing, can the car be provided to another employer for private use at the employer’s direction so as to be a ‘pooled’ car?

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FBT – FBT Rates commencing 1 April 2017

This article identifies recent ATO statements on various FBT rates that will apply from 1 April 2017.

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GST – State and Territory GST Issues: the latest published minutes of the GST – States and Territories Industry Partnership

This article discusses some aspects of the recently published (March 2017) minutes of the GST- States and Territories Industry Partnership Meeting held in October 2016.

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FBT – Recent Developments at a Glance: March 2017

This article alerts you to some NFP sector- related developments over the past month. It deals with matters which have a more specialist nature or matters requiring only brief comment. There is material on Business Benchmarks, FBT – use of tax agents for FBT Returns, accounting for GST where total consideration is not known, accommodation […]

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FBT Q&A – Is there a FBT limit for alcoholic drinks when an employee is travelling on work?

Food and drink consumed by an employee when travelling is generally regarded as sustenance and otherwise deductible, including where alcohol is consumed. However, is there a point in time when the alcohol consumption takes the food and drink outside of the sustenance category?

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FBT Q&A – Purchase of exempt vehicle v ordinary sedan

If an employee intends using their employer provided vehicle only for home to work travel with minimal other private travel is it worthwhile for FBT purposes providing them with an exempt vehicle?

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FBT Q&A – Reimbursement of drivers licence fees

Some employees are required to have a current driver’s licence as a condition of their employment. If the employer pays or reimburses their licence fees is the taxable value reduced under the otherwise deductible rule?

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FBT Q&A – Are closing odometer records still required to be kept when valuing car fringe benefit taxable values?

Where car fringe benefits are being provided to staff, is it still necessary to keep closing odometer records?

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