Payroll – Payroll tax on contractors: Can revenue offices impose additional payroll tax conditions that aren’t legislated?
It may seem that the state and territory revenue offices have the final say. But can revenue offices impose additional conditions on taxpayers when these conditions aren’t included in the relevant legislation? This article discusses the wider implications of the outcome of a recent case involving payments to contractors in Victoria.
GST Q&A – Sponsorships, gifts and non-monetary contributions
Does your organisation put out invitations for sponsorships? This Q&A provides guidance on distinguishing between sponsorships and gifts for GST purposes, and discusses the valuation of non-monetary contributions. Question Council is inviting sponsorships for an annual event. There are various sponsorship packages available from $10,000 to $500 or less value. Each package entitles the sponsor […]
FBT – Electronic log book requirements
Physical log books that require manual entry can be tiresome for both employees and employers. Thankfully, there is another way—electronic log books! But how can you ensure that these new log book systems are meeting legislative requirements? Read on to find out.
FBT Q&A – Are paid days over the shutdown period subject to FBT if the staff aren’t required to take annual leave?
Question Our organisation has decided that the days during our holiday shutdown period that are not public holidays days (four days) will be paid days that will not require use of annual leave. This is a gesture of good will to recognise that 2018 has been a particularly challenging year and will not set a […]
GST Q&A – Are credit and debit card surcharges subject to GST?
Question Our current practice is that GST is applicable to the surcharge on all payments made by credit and debit card. Could you please confirm that this is correct? If not, what should the correct treatment be? Also, could you please confirm that when we refund a purchase made by credit or debit card, we […]
Eligibility – Accessing charity land tax and stamp duty concessions
You may consider your organisation is a charity because you focus on charitable works. However, do you provide your members with social benefits or insist they meet certain ethical standards? If so, you need to consider how these decisions may affect your ability to access charity concessions, including land tax and stamp duty concessions.
FBT Q&A – Is the provision of a VW Crewvan an exempt benefit?
Question Will a Volkswagen Crewvan TSI220 be considered a car benefit for FBT purposes? It is a 5-seater vehicle and has a carrying capacity of less than 1 tonne. The use of the vehicle by the employee is limited to work use and home-to-work travel. I believe it could be considered as an ‘other goods […]
Salary Packaging Q&A – Can an employee salary package low-value expenditures and claim the minor benefits exemption?
Question One of our employees has queried whether she can salary package a range of less than $300 in expenditures and claim the minor benefits exemption, meaning there would be no FBT payable and it would be therefore be very tax effective for her. Is this possible?
Eligibility – Fuel tax credit rates have increased
Fuel tax credit rates have increased, with the new rates applying for fuel acquired from 4 February 2019.
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 […]