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