[huge_it_slider id='4']

GST – Taxpayer alert: Why is the ATO so concerned about GST compliance in connection with development leases?

We have previously discussed issues surrounding the GST treatment of development leases. More recently, the ATO’s concerns with GST compliance involving development leases has led to the issue of a taxpayer alert. In this article, we take a look at the issues under consideration in TA 2018/3.

Read more

GST Q&A – GSTR 2000/25: GST on water supply services

Generally, a supply of water is GST-free. However, the GST treatment of charges on specific water supply services provided by your organisation should be considered closely and may depend on the agreement in place between your organisation and the property owner. This Q&A explores the application of GSTR 2000/25 and CR 2013/39 to water supply […]

Read more

FBT Q&A – Are scholarship recipients and vacation workers (interns) considered ‘employees’?

Question We are advertising for scholarships for students undertaking their first year in specified courses of relevance to the nature of the work we undertake as an organisation.  Together with the scholarship payments, the successful students will also perform vacation work for 12 weeks during the university end-of-year break.  Would this employment trigger an FBT […]

Read more

FBT – FBT, festivities & functions: What you need to know as a tax-exempt organisation

At this time of the year, it can be easy to be caught up in the festivities in the lead-up to the holiday season. But if you are planning an end-of-year function or considering providing gifts to your employees, don’t forget about the potential FBT implications. This article will explore the common issues to be […]

Read more

Payroll – What to expect from the NSW Review of Payroll Tax Administration

All readers that are interested in payroll tax should consider the outcome of the NSW Review of Payroll Tax Administration. The review should be regarded as a useful predictor of developments in all states and territories, not just NSW.

Read more

GST – Avoiding reporting errors: Tax invoices and substantiation

Substantiation is one of the most common GST reporting errors. It is essential that you have sufficient substantiation before claiming any GST credits. This article discusses tax invoice requirements and common queries we receive from our members.

Read more

Payroll Q&A – Superannuation guarantee: payment in lieu of notice

Question We have a case where an employee is terminating employment and our organisation (the Council) is paying the employee XX* weeks’ pay in lieu of notice. According to SGR 2009/2, payments in lieu of notice are considered ordinary time earnings (OTE) (see paragraph 38). Therefore, super would be payable because the payments are equivalent […]

Read more

FBT Q&A – HECS student contributions

Question One of our staff members has enrolled in a Commonwealth Supported Place at university.  Since these courses are jointly paid by both the Commonwealth Government and the student, is the Commonwealth supported contribution subject to FBT as an expense payment benefit if we pay or reimburse the student for this amount?

Read more

FBT Article: When is an employee’s travel considered itinerant?

The ATO has been closely examining work-related car expenses as part of its increasing focus on work-related deductions. It is vital to correctly distinguish between work-related and private travel for FBT purposes. This article addresses the increasing number of questions we’ve been receiving about itinerant travel.

Read more

Salary Packaging Q&A – S. 58X exemption: Do we need a declaration that covers portable electronic devices?

Question We would like to provide an employee with a declaration that shows they satisfy the requirements of an exempt benefit for an electronic device they have purchased. How should the declaration be worded?

Read more