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FBT – Reimbursement of HELP funded employee course fees

We are often asked via the TaxEd members Q&A portal about the FBT treatment where an employee’s self-education course fees...

Payroll, Public

Payroll Q&A – Employer obligations for questions regarding reportable fringe benefits

Question Each year we get questions from employees regarding Reportable Fringe Benefits disclosed on their Income Statement that we are...

FBT, GST, Public

GST and FBT – Giving vouchers to staff

It is relatively common for employers to buy and give vouchers or gift cards to staff (for example, as a...

FBT compliance strategies for cars that might reduce your FBT payable

When reflecting on an organisation’s FBT compliance, it is useful to consider any compliance strategies that may make compliance simpler...

FBT Q&A – Section 57A employer endorsed part way through the year

Does endorsement of a PBI employer part-way through the year allow access to the full $30,000 grossed up FBT exemption...

Payroll, Public

Payroll – JobKeeper 2.0 – An overview

On 21 July 2020, the Government announced JobKeeper 2.0 to have effect from 29 September 2020 to 28 March 2021....

Eligibility, Public

Eligibility Q&A – When a charity receives investment income that includes dividends, can it claim a refund of franking credits?

Question Where a NFP charity receives investment income that includes dividends can it claim a refund of franking credits that...

Public, Salary Packaging

Salary packaging – Salary sacrifice of accrued leave

Timing is crucial when it comes to salary sacrificing leave entitlements. The Commissioner’s view on the taxation implications of salary...

Effective FBT control environments

Are you effectively managing your FBT risk? It’s an opportune time to review your processes. With the 2020 FBT return...

FBT Q&A – Provision of gifts to long serving employees

Is a local government organization entitled to claim FBT exemption for long service gifts under s. 58Q of the FBT...

FBT – Car Parking threshold for FBT 2021

If employer-provided parking is supplied to employees, have you considered whether the applicable car parking threshold is exceeded for the...

Eligibility, FBT, Public

FBT and Eligibility – Cents per km rates

Have you factored in the 2020-21 car expense rates for FBT and Income Tax purposes respectively? FBT – cents per...