Articles

The Australian Taxation Office (ATO) has recently released draft guidance, TR 2022/D3 dealing with employee v contractor classification. This seeks to provide clarity on when an individual is an “employee” for the purposes of the PAYG provisions. Here are the details you need to know.

Legislation has received Royal Assent. Here are all the facts and what it means for Governments and NFPs.

There are many curiosities within the GST law. Here is our summary of the '5-year rule' and 'passing on' following recent Administrative Appeals Tribunal (AAT) decision in the Dals Property Trust Case.

As at 1 December 2022 legislation implementing the Government's proposal to provide an FBT exemption for certain electric vehicles is still progressing through Parliament. Here's our update.

In the lead-up to the festive season, here is a reminder on what GST credits are available for entertainment expenditure.

“A responsible Budget in uncertain times“ – Ministerial media release The Albanese Labor Government has handed down its first Federal Budget. Described as ‘a responsible Budget for uncertain times’, the focus is largely on easing the cost of living and investing for the future. Tax reforms announced in the Budget are largely restricted to multinational […]

Question I am new to working for a Public Benevolent Institution, and am wondering how salary sacrificed amounts impact the organisations payroll tax, workers compensation and other obligations. The organisation only allows employees to salary sacrifice amounts up to the FBT exemption cap so does not pay FBT. Answer Where an organisation allows an employee […]

Question We are a not-for-profit (NFP) sports club. We currently self-assess that we are income tax exempt. We have the opportunity to lease and operate a local café (located away from our sports facilities and open to the public). We expect that new café revenue will be equal to the existing sports club revenue, and […]

Question We are a Council. If we allow our staff to salary sacrifice their Council rates can we apply the FBT in-house benefit valuation rules and the $1,000 in-house benefit reduction to reduce the FBT impost? Answer The discharging of an employee’s municipal rates obligation by foregoing salary under an effective salary sacrifice arrangement is […]

On the 29th of June 2022, the Government announced a proposal to provide an exemption for Fringe Benefits Tax (FBT) on electric cars from 1 July 2022. On the 27th of July 2022, Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the Bill) was introduced to Federal Parliament containing the proposed legalisation to give effect […]