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Charities, Eligibility, Public

Enhancing the transparency of income tax exemptions for certain NFPs by way of requirement to submit online annual self review forms

Currently, non-charitable not-for-profits (NFPs) can self-assess their eligibility for income tax exemptions and do not have to report to, or...

Looking into a recent case regarding car parking fringe benefits: Virgin Australia Airlines Pty Ltd v FCT

It is not often there is a court decision involving the interpretation of provisions of the Fringe Benefits Tax Assessment...

ATO/General, FBT, Public

Another look at the FBT treatment of equipment used in various work from home scenarios

We continue to get many questions seeking clarification regarding the FBT rules regarding how to treatment equipment ‘provided’ for use...

Member Q&A – GST and the treatment of credit card surcharges

Question Council is introducing a credit card processing fee to recover the cost of merchant fees incurred. We are seeking...

Member Q&A: Can the operating cost method be used even if no logbook has been kept?

Question We have had many staff home garage cars due to COVID lockdown and these cars were only driven for...

Charities, Eligibility, Public

Is your entity really a Public Benevolent Institution?

A Public Benevolent Institution (PBI) seeking deductible gift recipient (DGR) status is required to be registered with the Australian Charities...

FBT Return lodgement dates, Rates and Thresholds for 2021/22

Below we have compiled a quick reference guide of the key FBT rates and thresholds for 2021/22 including a comparison...

Managing employee relocation costs in a tax effective manner

We have recently completed our annual FBT Roadshow and once again many of the complexities of FBT were revealed through...

GST and grants: Need more guidance? Is there a better way?

From TaxEd’s perspective, we regularly receive questions via our Q&A service asking whether grants paid or received by government entities...

Car fringe benefits: Can you reduce your FBT liability in 2021?

In this article, we explore some issues relevant to 2020/21 FBT compliance for cars. The reference in this article to...

Member Q&A – Claiming GST on credit card surcharges

Question What are the requirements to be able to claim GST credits on a credit card surcharge that is not...

Member Q&A – Is remote area housing rent assistance a reportable fringe benefit?

Question We wish to confirm whether benefits to staff consisting of remote area housing assistance in the form of employee...