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7 reasons to attend the 2020 FBT Roadshow this February
The end of the FBT year draws near! As always, in addition to the perennial issues like dealing with entertainment and motor vehicles there are new developments to keep in…
The FBT implications of end-of-year functions
Christmas employee functions will have varying degrees of lavishness. We look at some scenarios and assess their ‘Grinch’ risk. With the end of the calendar year fast approaching, many of…
GST Q&A – Provision of funding for Christmas functions
Is GST payable on funding provided by Council’s related DGR to meet the cost of a Christmas function hosted by a not-for-profit entity? Question Council has a related endorsed deductible…
GST and FBT – The tax consequences of gift giving
T’is the season for gifts – but are you also making a gift of GST or FBT to the Revenue? Based on the decorations in the streets and the shopping…
FBT Q&A – Dinner provided after all day training
Question We run a number of one or two day structured training courses for new recruits and existing staff wishing to update their working knowledge. At the end of the…
Payroll – Check you’re making the correct super contributions for your employees
There is a change to the way in which super guarantee contributions are calculated. Employers should review their calculation practices to ensure conformity with the law. Recent changes made to…
FBT Q&A – Relocation exemptions
In relation to employee relocation costs, what are the more common available heads of salary sacrifice? Question We have made an offer to an individual to take up a senior…
FBT – Car parking fringe benefits – ATO restatement and expansion of the net
Heads up – the ATO has issued some revised material on car parking fringe benefits. Two recent ATO documents cause us to take another look at the issue of car…
Fuel Tax Credits: ATO amends public rulings
The ATO has recently made some amendments to Fuel Tax Credits public rulings, including reducing the FTC entitlements for buses and coaches. Note: TaxEd is hosting a webinar on 28…
Commercial – The legal demise of physical cash …?
Physical cash is dead (almost), crypto currency’s life is in jeopardy, long-live (traceable) digital cash! The Black Economy task force has spoken and Parliament is expected to take heed in…
GST Q&A – GST on costs associated with land acquisitions
Question Under the Land Acquisition and Compensation Act 1986 (Vic), authorities acquiring land from land owners for a capital works property are required to pay for any legal, valuation and…
FBT – Road and bridge tolls – for whom does the FBT bell toll, employer or employee?
Where an employer pays/reimburses an employee’s road toll expenditure or allows the employee to use the employer’s electronic road toll tag, a fringe benefit may arise, depending on the particular…