Eligibility – Exploring the requirements for income tax exemption and concessional FBT status for community service organisations.

For many organisations that fail in a bid to secure income tax exemption or concessional FBT status as a charitable institution the possibility of securing a similar outcome under the ‘community services’ category should be explored.

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FBT – Rates and Thresholds for 2016/17

The ATO has released all updated rates and thresholds for FBT year 2016/17.

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FBT – Employee obtaining benefits through fraudulent activity

When an employee obtains a benefit from their employer through fraudulent activity, does a fringe benefit arise?

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FBT – Employee on two contracts – remote area

When an employee works in both remote and non-remote areas for the same employer, can the remote area housing benefit FBT exemption be accessed if the employee has a separate contract with the employer in respect of the duties required to be carried out in the remote area?

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Fuel Tax Credits – Get Apportionment right and save – PCG 2016/8

The ATO recently released PCG 2016/8 regarding apportionment methods for claiming Fuel Tax Credits. Getting the apportionment right could save up to 26.14 cents per litre.

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Payroll – Reportable super– what is reportable Part 2

This article resumes discussion of reporting of superannuation payments in the employee’s payment summary at year end. It considers who is an employee for reporting purposes and looks at the treatment of reportable contributions that are made outside the year of salary sacrifice.

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Payroll – Single Touch Payroll

What does the proposed Single Touch Payroll (STP) regime mean for employers? How will it affect employers and what is required to get STP-ready?

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Payroll – NSW extends Payroll Tax exemption for local councils

Legislation that extends the NSW PRT exemption for wages paid by a subsidiary of a local Council to entities that are wholly owned by more than one Council has now been passed and is effective 11 May 2016. NSW Councils should consider application of the change to any interests they hold in any wage paying […]

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GST – Payments between Government related entities

Provided that payments between government related entities meet the necessary conditions, such payments are not consideration for GST purposes and GST would not give rise to a GST liability or input tax credit entitlements. Care needs to be taken to ensure that the relevant conditions are met, and GST treatment is being correctly applied.

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FBT Q&A -Â- Log book requirements

The operating cost method requires that a log book be maintained. How long is the log book valid for?

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