Eligibility – The NSW Rural Fire Services Case – Donor expectations not met?

Electronic media reports of the recent NSW Supreme Court decision guiding the NSW Rural Fire Service & Brigades Donation Fund on the application of $51m in bushfire donations have been confusingly brief. At least some donors will be disappointed. The decision has implications for both charities and their donors. The January 2020 bushfires led to … Read more

GST Credits for functions made available to the public

Entitlement to GST credits for entertainment expenditure is subject to the interplay of the FBT and income tax deduction provisions. We explore whether GST credits are available where entertainment expenditure is incurred in holding functions available to the general public. We have previously published an article that looks at the interaction between GST and FBT … Read more

FBT Q&A – Payment of employee visa costs

Is reimbursement of a visa application cost subject to FBT? Question We have recently employed a new staff member and paid for their Visa application for their right to work in Australia. Is this subject to FBT as an expense payment benefit? Answer Transport provided to an employee and family members as a consequence of … Read more

PODCAST: ATO COVID-19 support for NFPs

TaxEd Director Michael Doran recently hosted the mega-popular tax podcast Tax Yak – he had a chat with Jennifer Moltisanti of the Australian Taxation Office about the range of economic stimulus measures to support Not-for-profits. The podcast episode will assist accounting practitioners to manage tax related matters for their NFP and charity clients, including eligibility, … Read more

Payroll – COVID-19 frequently asked questions

The ATO has published guidance on some employer issues arising due COVID. The material includes assistance with questions relating to FBT and superannuation. The ATO has answered some questions frequently asked by employers in relation to matters that are connected with COVID. The information is buried in the ATO website. For ease of considering immediate … Read more

FBT year-end tips

Some readers will be working towards the FBT return COVID-19 lodgement deadline of 25 June 2020. A few FBT year end tips may reduce the stress. As the FBT return COVID-19 lodgement deadline of 25 June looms it is time for the often thankless but nevertheless significant task of preparing the FBT return. We provide … Read more