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FBT – Remote area housing concessions – (Part 1 of 3)

It is stated in the ‘Productivity Commission 2020, Remote Area Tax Concessions and Payments, Study Report’ (Feb 2020), that remote...

GST – When is a pro forma invoice a Tax Invoice?

Does a pro forma invoice constitute a tax invoice? And if so, does a pro forma invoice allow an entity...

Eligibility, Public

The importance of good governance in your NFP to obtaining and retaining tax concessions

The ramifications of poor governance are regularly evidenced in the public domain and can lead to a loss of public...

Eligibility, Public

Member Q&A – NFP Membership fees converted to donations and tax considerations

Question We are a not-for-profit membership based organisation. As a result of COVID-19 we have not been able to deliver...

Member Q&A – A car in a workshop for extensive repairs – ‘available for private use’?

Question One of our staff members is provided with a car fringe benefit by way of novated lease. The staff...

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...