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FBT – Overseas conferences: The apportionment conundrum!

Do you have staff attending conferences away from their usual place of residence? Attendance at overseas and interstate conferences raises a key issue for FBT: the extent to which the taxable value of benefits provided to the employee in connection with attending these conferences can be reduced under the ‘otherwise deductible rule’. This will particularly […]

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FBT Q&A – What are the FBT implications of benefits and outplacement services provided to former employees?

What are the FBT implications of benefits provided to former employees? This Q&A discusses some possible exemptions for employers that provide benefits or services to an employee as part of their redundancy. Question In January 2019, our organisation paid training course fees of $3,500 to a state government TAFE for a former employee to undertake a Diploma […]

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FBT – What are the benefits of an ATO-approved meal and entertainment card?

Some financial institutions offer employers salary packaging meal and venue hire entertainment cards to simplify the process of providing such benefits to their employees. This article discusses the benefits of ATO-approved cards and the types of entities that these cards are usually provided to.

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FBT – What will the ATO be looking for in your 2018-19 FBT returns?

As the end of the FBT year approaches, it is time to consider the lodgment of your 2018-19 FBT returns. FBT compliance is a common source of frustration among organisations, particularly since the costs of compliance have been shown to be disproportionately high compared with the actual tax collected. FBT can be a tricky tax—so […]

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GST Q&A – Are fees for shopping trolley collection and land clearance subject to GST?

What is the correct GST treatment for fees relating to the collection of abandoned shopping trolleys, and clearing vegetation and overgrown grass? This Q&A discusses how GST regulations and ATO public rulings may apply to these fees. Question It would be appreciated if you could provide the answers to the following GST questions: Our council collects […]

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Payroll – What is a genuine redundancy payment?

Employers paying out redundancy payments may not be able to access the concessional genuine redundancy payment treatment they are expecting. In this article, we highlight some aspects that employers need to consider.

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Payroll – Why do we need to disclose exemption from FBT under s. 57A on an employee’s payment summary form?

Payment summaries now require an employer to indicate whether they are exempt from FBT under s. 57A of the FBTAA. This is due to changes to eligibility measures for various Federal Government benefits, payments and income tests. Specifically, The Department of Human Services (DHS) has changed how reportable fringe benefits amounts (RFBAs) are used to […]

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FBT Q&A – FBT & GST implications of car parking provided to employees

You may be providing car parking to your employees that is not currently subject to FBT. But what happens if a commercial car parking station were to open within a 1km radius with the lowest all-day fee for parking above the relevant threshold during the FBT year? Read on to find out! This Q&A also […]

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FBT – Electronic log book requirements

Physical log books that require manual entry can be tiresome for both employees and employers. Thankfully, there is another way—electronic log books! But how can you ensure that these new log book systems are meeting legislative requirements? Read on to find out.

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FBT Q&A – Are paid days over the shutdown period subject to FBT if the staff aren’t required to take annual leave?

Question Our organisation has decided that the days during our holiday shutdown period that are not public holidays days (four days) will be paid days that will not require use of annual leave. This is a gesture of good will to recognise that 2018 has been a particularly challenging year and will not set a […]

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