The FBT implications of end-of-year functions

Christmas employee functions will have varying degrees of lavishness. We look at some scenarios and assess their ‘Grinch’ risk. With the end of the calendar year fast approaching, many of you may be preparing an end of year celebration for staff. As with most things involving an employer and staff, fringe benefits tax (FBT) must … Read more

GST Q&A – Provision of funding for Christmas functions

Is GST payable on funding provided by Council’s related DGR to meet the cost of a Christmas function hosted by a not-for-profit entity? Question Council has a related endorsed deductible gift recipient (DGR) fund. Through the DGR, Council provides funding to various not-for-profit entities (NFPs) to host Christmas luncheons for individuals experiencing financial hardship. The … Read more

GST and FBT – The tax consequences of gift giving

T’is the season for gifts – but are you also making a gift of GST or FBT to the Revenue? Based on the decorations in the streets and the shopping centres, the Christmas season has well and truly arrived and many are caught-up in the gift-giving spirit. The making of a gift by a business/entity … Read more

FBT Q&A – Dinner provided after all day training

Question We run a number of one or two day structured training courses for new recruits and existing staff wishing to update their working knowledge. At the end of the day’s training, the group will go out for a meal at a restaurant as part of team building. Is this classed as entertainment or is … Read more

Payroll – Check you’re making the correct super contributions for your employees

There is a change to the way in which super guarantee contributions are calculated. Employers should review their calculation practices to ensure conformity with the law. Recent changes made to the Superannuation Guarantee (Administration) Act 1992 (SGA) by the Treasury Laws Amendment (2019 Tax Integrity and Other Measures No 1) Act 2019 (the amending Act) … Read more

FBT Q&A – Relocation exemptions

In relation to employee relocation costs, what are the more common available heads of salary sacrifice? Question We have made an offer to an individual to take up a senior management role with us. The individual and his family live interstate and will relocate if he accepts the offer. They have enquired as to whether … Read more

GST Q&A – Festival food stalls and GST

Is GST applicable to fees paid to Council by a food vendor for the right to have a stall on Council grounds during a festival? Question Could you please advise whether GST is applicable for fees paid to Council by a food vendor to have their stall on Council grounds during a festival. Answer The … Read more

Categories GST