Eligibility – JobKeeper: what’s changed?

JobKeeper continues to evolve. Employers need to be aware of the changes. The JobKeeper Payment (JKP) scheme has been a major focus of the Government, media, advisers, businesses/employers and employees since it was first announced on 30 March 2020. Under the JKP scheme, employers (including not-for-profit (NFP) entities and charities) who have suffered a prescribed … Read more

FBT – COVID-19 impact on certain FBT issues

Below, we provide answers to some questions arising where COVID-19 meets FBT. The unique times we find ourselves in will hopefully be a once in a lifetime experience for most of us. Unfortunately, as employers, FBT will not be a once in a lifetime experience for you! For example, there is a high probability your … Read more

Payroll Article – NSW Council Job Retention Allowance payment

NSW has set aside funds to support a Council Job Retention Allowance of $1,500 per fortnight to limit job losses in local government. Apart from its relevance to NSW councils, councils in other jurisdictions will be interested in this development as a possible impetus for similar action in their circumstances. It is expected that many … Read more

FBT Q&A – Business use percentage where change in driver

FBT where a single car is used for sequential periods in the FBT year by two separate employees. Question An employee recently joined us and they have been using an employer-provided car for private use. The new staff member is using the same car which was used by an employee who resigned from the position … Read more

Categories FBT

Payroll – Working from home allowances vs reimbursement during COVID-19

What are the employment-related tax implications for employers and employees if an employer makes a once-off working from home allowance to an employee? What is the effect of making a reimbursement instead of an allowance? During COVID-19, many employees are required to work from home and incur working from home expenses. Some employers are providing … Read more

FBT Q&A – Taxable value of novated e-bike lease

How is the gross taxable value calculated on a novated e-bike lease where the exemption in s. 47 FBT Act is not available? Question We have a number of novated leases for e-bikes where they are full private use, so do not fall under the residual benefit exemption set out in section 47 of the … Read more

Categories FBT

GST – How to determine if something is regulatory in nature

When looking at the characterisation of exempt taxes, fees and charges, the GST provisions refer to supplies being regulatory in nature. How do you determine whether the provision of information, or thing being done, is regulatory in nature? When trying to determine whether a tax, fee or charge will be exempt from GST under Division … Read more

FBT Q&A – New number plate for employer provided car

Does the issue of a new car registration (changed number plate) for a car have FBT implications? Question The licence plate number for one of our owned vehicles was stolen and as such a new plate number was acquired. The employee to whom the car was allocated left us after a couple of months and … Read more

Categories FBT