Please enjoy this selection of publicly available articles.
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FBT Q&A – Work related preventative health care: In-house massage
Is provision of an in-house therapeutic massage for all employees an exempt fringe benefit? Question We are considering providing in-house therapeutic massage for all employees. Is this an exempt fringe…
FBT and Payroll – Remote area tax concessions and payments
Heads up, there may be some changes to remote area tax concessions and payments. The Productivity Commission has suggested reforms. The Productivity Commission has called for significant reforms to the…
GST Q&A – GST on payments in lieu of infrastructure works
Does GST apply to payments that a developer makes to a Council in lieu of the developer being required to complete infrastructure works? Question The Council has entered into an…
FBT alert: Ride-sharing travel services
Relief from discrepancy in the FBT treatment of taxi travel and riding-sharing travel services is ‘in hand’. Long-standing readers of the TaxEd newsletter will be familiar with the tortuous history…
FBT Q&A – Payment of employee annual public transportation pass
Does a fringe benefit arise where an employer pays for an employee’s annual Myki (public transportation) card on the basis that the employee will repay the amount interest-free over the…
Salary Packaging – Structuring salary packaging arrangements: Dealing with luxury car adjustments
It is important to structure salary sacrificing arrangements to be beneficial to both the employer and employee. This often involves the employer passing on costs associated with providing the benefit….
Payroll Q&A – Mayor and councillor allowances
Question Councillors receive an allowance which is determined by each council within limits set by the Victorian Government. Mayors and councillor allowances are also subject to the addition of 9.5%…
Eligibility & FBT – Securing PBI status during an FBT year: Effect on FBT exemption cap
If an employer gains public benevolent institution (PBI) status during the FBT year, do employees become eligible to use the full $30,000 FBT exemption cap in that year? In the…
GST – Significant proposed changes to GST recovery: Recovering estimates and directors’ personal liability
Our featured article for the month covers two proposed legislative changes to the recovery of GST – these are significant changes and are expected to be enacted very soon. These…
FBT Q&A – Expense payment fringe benefits: Returning input tax credits to employees
We provide expense payment fringe benefits to our employees. This, in part, involves returning input tax credits (ITCs) to the employees via payroll. How are the returned ITCs treated in…
Payroll Q&A – Telecommunications allowance paid to councillors
Our councillors receive an annual telecommunications allowance that is paid fortnightly towards their telecommunications needs. How should this allowance be treated from a salary/wages, pay-as-you-go withholding (PAYGW) and superannuation perspective?…
FBT Alert: Ride-sourcing travel services such as Uber may be subject to FBT
The ATO has recently confirmed their view that the FBT exemption for taxis only applies to vehicles that are licensed to operate as a taxi. (Refer to FBT and taxi…