FBT, Public
FBT compliance record keeping simplifications
Four more proposed FBT compliance record keeping simplification measures have been announced. Here is our summary of what they are...
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FBT, Public
ATO updates: Electric vehicles and car parking ruling TR 2021/2
The ATO has released more detailed public guidance on the new electric vehicle FBT exemption and finalisation of TR 2021/21....
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FBT, Public
The FBT exemption for electric vehicles – fully switched on
Legislation has received Royal Assent. Here are all the facts and what it means for Governments and NFPs.
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FBT, Public
FBT & the electric vehicles exemption: the state of play
As at 1 December 2022 legislation implementing the Government's proposal to provide an FBT exemption for certain electric vehicles is...
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Payroll, Public
Member Q&A: salary sacrifice at a Public Benevolent Institution and its impacts
Question I am new to working for a Public Benevolent Institution, and am wondering how salary sacrificed amounts impact the...
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ATO/General, Charities, Eligibility, Public
Member Q&A: Will new activities jeopardise an NFP’s income tax exemption?
Question We are a not-for-profit (NFP) sports club. We currently self-assess that we are income tax exempt. We have the...
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FBT, Public
Member Q&A: Does the 12 week register method reduce FBT for meal entertainment?
Question Our organisation generally elects to use the 50/50 method in the Division 9A ‘meal entertainment’ provisions of the Fringe...
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ATO/General, Charities, Public
Accepting cryptocurrency donations
It is becoming increasingly common for charities and not-for-profits around the world to accept donations in the form of cryptocurrency....
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ATO/General, Eligibility, FBT, Public
What does a change of Government mean for TaxEd members?
With a change of Government comes new policies and the scrapping of policies previously announced under the former Government (which...
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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...
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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...
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FBT, Public
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...
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