Rob Power, Author at TaxEd | Page 4 of 5

Salary Packaging

Special Edition

Good News: The FBT exemption for electric vehicles is coming!

On the 29th of June 2022, the Government announced a proposal to provide an exemption for Fringe Benefits Tax (FBT)...

Payroll, Public

Member Q&A: Interest-free arrangements to repay overpaid salary

Question We have inadvertently overpaid a staff member a significant amount of wages. At the moment, we are looking to...

ATO/General, FBT, Public

Member Q&A – Providing temporary accommodation due to an employee’s relocation

Question We have a staff member that has been appointed to a new role. The staff member currently works in...

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...

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...

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...

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...

Member Q&A – Meals provided at public event

Question We have a public event on our premises & provide light refreshments consisting of pizza, sandwiches, and non-alcoholic events....

ATO/General, FBT, Public

FBT implications of employee COVID testing costs

Editor’s note: The government has recently announced no FBT applies to COVID-19 testing. The Government announcement will be covered in...

Member Q&A – Should we pay an employee accommodation allowance in a remote area?

Question As part of the total remuneration package to an employee, we are looking to pay an accommodation allowance direct...