Please enjoy this selection of publicly available articles.
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Super Guarantee rate increase to 11% effective 1 July 2023
Employers are reminded that the superannuation guarantee (SG) rate will increase from 10.5% to 11% as of 1 July 2023. Find out the implication and what it means for Governments and NFPs.
Member Q&A: Cost of a band at end of year function, 50/50 method
End of year functions with entertainment. Find out exactly what is covered under the 50-50 meal entertainment rule.
GST & Margin Scheme: Landcom Case (Full Federal Court decision)
Here is an update for the Landcom appeal case. Find out the details and implications here.
Member Q&A: FBT car exemption – modification of passenger cars
Our Fleet Department purchase passenger vehicles from a dealership, to be modified. The modified vehicle will have seating capacity for 2 people. We are wanting to ascertain whether the car is now principally designed to carry a load (under one tonne) and not to carry passengers and whether modifications bring the cars within the sub-section 8(2) of FBT Act 1986 and possibly results in the car being exempt? Read our answer here.
ATO updates: Electric vehicles and car parking ruling TR 2021/2
The ATO has released more detailed public guidance on the new electric vehicle FBT exemption and finalisation of TR 2021/21. Both though are live matters for 2022/23 FBT compliance and employers need to be across the ATO announcements.
Changes to work from home deductions for employees
During the pandemic many employees were mandated to work from home. Post pandemic most employers have continued to allow work from home arrangements. In response the ATO has issued guidelines to assist employees calculate deductible expenses incurred while working from home. Here’s TaxEd’s guide on what’s changed and how it might affect your organisation.
Employees vs Contractors – Significant new guidance from the ATO
The Australian Taxation Office (ATO) has recently released draft guidance, TR 2022/D3 dealing with employee v contractor classification. This seeks to provide clarity on when an individual is an “employee” for the purposes of the PAYG provisions. Here are the details you need to know.
The FBT exemption for electric vehicles – fully switched on
Legislation has received Royal Assent. Here are all the facts and what it means for Governments and NFPs.
GST Case: determining the ‘5-year rule’ and ‘passing on’
There are many curiosities within the GST law. Here is our summary of the ‘5-year rule’ and ‘passing on’ following recent Administrative Appeals Tribunal (AAT) decision in the Dals Property Trust Case.
FBT & the electric vehicles exemption: the state of play
As at 1 December 2022 legislation implementing the Government’s proposal to provide an FBT exemption for certain electric vehicles is still progressing through Parliament. Here’s our update.
GST credits, FBT & Income Tax: the do’s and don’ts this festive season
In the lead-up to the festive season, here is a reminder on what GST credits are available for entertainment expenditure.
2022-23 Federal Budget: Key measures for NFPs
“A responsible Budget in uncertain times“ – Ministerial media release The Albanese Labor Government has handed down its first Federal Budget. Described as ‘a responsible Budget for uncertain times’, the…