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GST and Bad (or overdue) Debts – how are they dealt with

The end of the financial year (30 June) usually prompts a review of bad and doubtful debts. So, it is...

Member Q&A – Lucky door prize won by an employee!

Question If a staff member attends a third party conference and wins a lucky door prize to the value of...

Employer paid or reimbursed road and bridge tolls – a bridge too far?

Where an employer pays/reimburses an employee’s road toll expenditure or allows the employee to use the employer’s electronic road toll...

ATO/General, Payroll, Public

A successful claim for under award wage payments – how to treat?

A difficult aspect of employment is the unhappy ending. Occasionally cessation of employment will be followed by litigation regarding matters...

Charities, FBT, Public

Changes to the ATO process of applying for refunds of franking credits

As 30 June approaches, one of the annual end year processes that may be required of a not for profit...

Member Q&A – In-house therapeutic massage, is FBT relief available?

Question We are considering providing in-house therapeutic massage for all employees. Is this an exempt fringe benefit pursuant to the...

ATO/General, FBT, Payroll, Public, Salary Packaging

Reportable Fringe Benefits – preparing to report

As employers prepare 2021/22 FBT returns it is normal practice to simultaneously prepare Reportable Fringe Benefits data attributable to individual...

FBT and electric vehicles – how does it work?

At our recent TaxEd FBT Roadshow, the treatment of electric vehicles was regularly raised. In particular people wanted to confirm...

Member Q&A – GST and payments to non-resident suppliers

We recently received a Q&A from a member asking about GST and invoices from overseas suppliers. Question: Our Accounts section...

Councils, FBT, Public

Member Q&A – How do we classify private trips undertaken in a ‘workhorse’ vehicle that is carrying bulky equipment?

Question If an employee, who has full private use of a one tonne vehicle and who is required to carry...

ATO/General, FBT, Public

The FBT car parking rules may be changing …. again!!

We issued a TaxEd Special Edition on 1 April 2022 (see here) drawing attention to the fact the car parking...

GST and Third Party Payments: What are they and when do they impact the usual GST outcomes?

We recently received a Q&A from a member asking about the GST implications of providing emergency natural disaster funding assistance...

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