Articles

Filter by Category

Salary Packaging

Special Edition

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...

Member Q&A – Does the timing of the reimbursement for a section 58X ‘eligible work related item’ impact which FBT year applies to the benefit?

Question An employee purchased a portable electronic device in March 2021 (the prior FBT year). However, we did not reimburse...

FBT, Public, Salary Packaging

Can the car/motor vehicle ‘workhorse exemption’ apply where an employee lives away from home during the week?

The exemptions under sections 8(2) and 47(6) of the FBT Act apply where there is no private use of the...

ATO/General, FBT, Public

No April Fool’s Day joke! FBT car parking rules to change again – what does that mean for you?

In November 2019 the ATO issued a draft ruling TR 2019/D5 outlining an updated view of the application of the...

Key benefits of attending the 2022 FBT Roadshow

The end of the FBT year draws near! Each year, there are new developments to keep in mind when preparing...

5 678 9