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Payroll, Public

Payroll – Why do we need to disclose exemption from FBT under s. 57A on an employee’s payment summary form?

Payment summaries now require an employer to indicate whether they are exempt from FBT under s. 57A of the FBTAA....

Payroll, Public

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

The NSW Productivity Commission (the Commission) has presented its conclusions from its review of the administration of payroll tax (PRT)—Review...

Public, Salary Packaging

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...

FBT – Can a smart watch be exempt from FBT?

The ATO has considered whether a smart watch can be exempt from FBT in a recent private binding ruling (PBR)....

GST Q&A – No-ABN withholding rules: A supplier hasn’t quoted their ABN. Do we need to withhold from their payment?

Question: Our supplier has stated that they have been deemed ineligible to obtain a new ABN. They believe this is...

FBT Q&A – Living-away-from-home allowance (LAFHA) for employee posting overseas: Food and accommodation

Question Council is planning to have an employee posting overseas for six months. For the reasonable food component, if Council...

Payroll, Public

Payroll Q&A – Genuine redundancy payments made to employees over the age of 65

Answer The specific provisions regarding genuine redundancy payments (GRPs) provide that an employee must be dismissed before the day they...

ATO/General, Public

General – Should we apply for an ATO Class Ruling?

FBT, GST and other tax issues can be complex and can cause confusion about compliance requirements. We previously published an...

FBT Q&A – A list of salary-sacrifice benefits?

From an FBT and income tax perspective there is no restriction on the types, or amounts, of benefits that can...

FBT – Fringe Benefits Tax Compliance Cost Review

The Taxation Board of Review is conducting a review of costs of complying with FBT. As part of the review,...

Payroll, Public

Payroll – Definition of ‘ordinary time earnings’

‘Ordinary time earnings’ (OTE) is defined under s. 6(1) of the Superannuation Guarantee (Administration) Act 1992 (SGAA). OTE includes amounts...

FBT, Payroll, Public

Payroll Article – Changes to 2017/18 Payment Summary reporting requirements for Reportable Fringe Benefits

Changes to rules regarding eligibility measures for various Federal Government benefits/payments and income tests (effective 1 January and 1 July...