The ‘payload’ or ‘carrying capacity’ of a vehicle simply means the maximum load your vehicle can carry as specified by the manufacturer.
If an organisation is planning to allow salary sacrificing for employees in regards to their income protection insurance and life insurance policy costs – will this result in a fringe benefit tax liability or is there a specific exemption that applies?
A recent Administrative Appeals Tribunal had to consider how GST applies where the parties to a sale contract had agreed to treat the supply as a ‘going concern’ but if the purchaser was subject to Div. 135 of the GST Act, the margin scheme was to apply to the sale.
A council recently sold an almost vacant block of land, containing small amounts of infrastructure requiring demolishing by the purchaser, after which the land will be suitable for residential development – does this sale satisfy the requirements of a taxable supply?
An organisation pays a lump sum car allowance to certain employees in relation to cars provided by the employer to the employee. Employees use car for business and private purposes. Are these allowances subject to PAYG withholding and how should they be shown for Payment Summary reporting purposes?
An organsation pays cents per KM car allowances in relation to business travel – what is required re PAYG Withholding and Payment Summary reporting?
This article considers the ability to rely on Corporate Credit Card Statements to claim ITCs in lieu of holding Tax Invoices.
Salary Packaging Article ‘ Superannuation guarantee salary sacrifice integrity measures introduced to protect employee entitlements
The Government has now tabled draft legislation to ensure employers cannot include salary packaged superannuation contributions to meet the employer SGC obligations.
This article provides a ‘heads up’ on the roll out of Single Touch Payroll and proposed action on superannuation guarantee. It also briefly considers implications for directors of failure to make compulsory superannuation payments on time.