Michael Doran, Author at TaxEd | Page 10 of 13

Salary Packaging

Special Edition

Eligibility, Public

Eligibility ‘ Foreign resident capital gains withholding payments ‘ Concession re NFP vendors

On 6 April 2017, the Legislative Instrument PAYG Withholding variation for foreign resident capital gains withholding payments – income tax...

Payroll, Public

Payroll ‘ PBR on who is an employee for Super Guarantee Purpose

This article looks at a private binding ruling (Authorisation Number: 1013103814672 – ‘the PBR’) that considers whether a person was...

FBT Q&A ‘ Earliest holding time

Question We recently sold a number of our fleet cars to a leasing company at market value then leased them...

FBT Q&A ‘ When are higher education course fees ‘otherwise deductible’ for FBT purposes?

Question We have had a number of staff take on further higher education study during the FBT year. In all...

FBT Q&A ‘ Is there a fringe benefit liability for parking provided to employees who commute using motorcycles?

Question Certain car parking spaces are allocated to employees who commute using motorcycles – does this give rise to an...

FBT Q&A ‘ Treatment of GPS installation costs

Question Several years after a car was purchased, a GPS system was purchased and fitted to the vehicle. Do the...

GST ‘ Interaction between GST and FBT

Income tax laws have been around for a long time, with the current income tax legislation essentially drawn from statutes...

FBT – Car Parking: is it really a commercial car parking station that is above the threshold?

We remind TaxEd member employers of two key conditions of the car parking fringe benefit rules that must be satisfied...

FBT ‘ Can cars provided under novated lease financing be pooled cars for FBT reporting purposes?

Regulation 8 of the FBT Regulations prescribes benefits relating to pooled or shared cars as being excluded fringe benefits. Fringe...

FBT ‘ FBT Rates commencing 1 April 2017

The Commissioner has published various FBT rates/amounts that will apply for the fringe benefit tax year commencing 1 April 2017....

FBT ‘ Recent Developments at a Glance: March 2017

Business Benchmarks – Are you maximising your potential to generate funds for NFP activities? NFPs that engage in commercial activities...

FBT Q&A ‘ Is there a FBT limit for alcoholic drinks when an employee is travelling on work?

Question Employees are reimbursed for meals and 2 standard drinks as part of our general policy when dining while travelling...