FBT – Modified cars and the ‘workhorse’ exemption

Can a car be modified such that it qualifies as a ‘workhorse’ vehicle that is eligible for FBT exemption?

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Salary – Packaging – Super Guarantee shortfall

Super Guarantee risks for employers can arise when the calculations are not updated each income year. The costs of remedying even a small shortfall can far outweigh the original problem.

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Eligibility – Are your ‘responsible persons’ truly responsible? – ACNC Governance Standard 4

An organisation registered with the ACNC is required to be controlled by persons (its ‘responsible persons’) who meet certain suitability standards. This article considers the ACNCs view of the minimum steps an organisation should take in order to establish that its initial, and subsequently appointed, responsible persons meet the requisite standards.

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Eligibility – Fuel Tax Credits post script – incidental travel on public roads

In our March 2016 newsletter, we took a look at a favourable ATO guideline regarding travel on public roads between work sites and the implications for claiming Fuel Tax Credits. Our members have enquired about the ATO position prior to the change.

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Eligibility – ATO updates Mutuality Guidelines

Where a not-for-profit entity is not eligible for income tax exemption, it may nevertheless be entitled to concessional tax treatment under the Mutuality Principle. We take a look at the ATOs recently released guide on what the Mutuality Principle is and how it works.

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Eligibility – ATO releases application form for refund of franking credits relating to the 2015-16 income year

In our December 2015 newsletter, we alerted readers to the prospect of certain not-for-profit bodies being able to seek cash refunds of franking credits attached to dividends they receive. This article provides a brief update and notes it is time to act.

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GST Q&A – Should grants of financial assistance be GST-inclusive or GST-exclusive?

The first step when reviewing grants of financial assistance is to determine whether the payment has sufficient nexus to a supply. If the grant is being provided for a specific purpose e.g. to buy some equipment, the next step is to determine whether the amount to be paid should be for the GST-inclusive amount or […]

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FBT Q&A – Commercial car parking station

Can kerbside meter parking constitute a commercial car parking station for the purposes of determining whether the car parking threshold has been exceeded?

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FBT Q&A -Â- Travel diary requirements

A travel diary may be required to be completed when an employee travels overnight for work purposes.

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Eligibility – Foreign Resident Withholding Tax – commences on 1 July 2016 – further information

Last month (Withholding Tax – Get a certificate and make it go away?), we drew attention to the application of a withholding tax which all prospective vendors of real property and vendors of certain other property (e.g. certain shares or trust units) need to consider. It was noted that foreign resident capital gains withholding tax […]

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