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Payroll – JobKeeper: The latest of many changes
The stream of JobKeeper changes continues – are you up to date with these? Over the last few newsletters, we have featured articles regarding the JobKeeper Payment (‘JKP’) scheme….
FBT Q&A – Reportable FBT in relation to motor vehicle benefit
Where a vehicle is used for full private use successively by different employees in an FBT year, does each employee have a reportable fringe benefit? Question Our CEO left after…
FBT – Expansion of the taxi travel fringe benefit exemption
There has been a retrospective legislative change that includes ride-sourcing in the FBT exemption relating to taxi travel. Section 58Z of the FBTA Act provides that certain taxi travel is…
FBT – Why don’t PBIs and other s. 57A employers pay FBT on non-salary packaged meal entertainment?
Being an employer within s. 57A of the Fringe Benefits legislation gives rise to an unexpected favourable outcome. One of many unexpected outcomes that arises in an FBT context is…
Eligibility – The NSW Rural Fire Services Case – Donor expectations not met?
Electronic media reports of the recent NSW Supreme Court decision guiding the NSW Rural Fire Service & Brigades Donation Fund on the application of $51m in bushfire donations have been…
FBT – Reportable Fringe Benefits and the pooled or shared car exclusion
Certain FBT benefits in relation to pooled cars are excluded from an employee’s payment summary or income statement under STP. As the 2020 FBT return preparation process is completed, one…
FBT Q&A – Employee contributions towards meal entertainment
What is the FBT relevance of employee contributions towards meal entertainment? Question We are a tax-exempt body and do not elect to use the 50-50 or 12 week register method…
GST Credits for functions made available to the public
Entitlement to GST credits for entertainment expenditure is subject to the interplay of the FBT and income tax deduction provisions. We explore whether GST credits are available where entertainment expenditure…
FBT Q&A – Payment of employee visa costs
Is reimbursement of a visa application cost subject to FBT? Question We have recently employed a new staff member and paid for their Visa application for their right to work…
PODCAST: ATO COVID-19 support for NFPs
TaxEd Director Michael Doran recently hosted the mega-popular tax podcast Tax Yak – he had a chat with Jennifer Moltisanti of the Australian Taxation Office about the range of economic…
Payroll – COVID-19 frequently asked questions
The ATO has published guidance on some employer issues arising due COVID. The material includes assistance with questions relating to FBT and superannuation. The ATO has answered some questions frequently…
Eligibility – Some tips and traps for 30 June 2020
What actions need to be undertaken before the end of the financial year? What are the planning opportunities post the end of the financial year? What is the current state-of-play…