Please enjoy this selection of publicly available articles.
As a TaxEd member you will be granted access to TaxEd’s complete library of searchable articles which is added to each month.
Fuel tax credit over-claims? ATO flags monitoring marketing and use of GPS telematics technology products
As many TaxEd members are significant fuel tax credit claimants we take a look at a recent ATO announcement that flags it has some concerns regarding the use of GPS…
GST and the margin scheme: Some recent observations
The majority of margin scheme transactions are relatively straightforward. However, various amendments to the margin scheme rules over the years (notably in 2005 and 2008) have seen a range anti-avoidance…
How to treat ‘wrongful dismissal’ type employer/employee settlements
It is a fact of life that not all employment arrangements end amicably and sometimes this results in the employer making a payment in settlement against alleged actions of the…
NFPs: Get ready for annual reporting of self-assessment of income tax exemption eligibility
In the June 2021 Tax Update (click here) we covered an announcement in the 2021-22 Federal Budget that will have widespread application across the not-for-profit sector. The issue is summarised…
Is it really an effective salary sacrifice arrangement?
The concept of ‘salary sacrifice’, or ‘salary packaging’, has been a part of modern remuneration arrangements for many years now. In Taxation Ruling TR 2001/10 (issued way back in 2001)…
Superannuation Guarantee Charge and remission of penalties – the state of play
Despite the best of intentions, employers will from time to time find that they have underpaid/late paid employee superannuation entitlements. Once an underpayment or late payment is identified, corrective action…
Member Q&A: Can a local historical society secure Deductible Gift Recipient status?
Question We are a not-for-profit local historical society and the challenge of sourcing funding is never ending. Is it possible for us to secure Deductible Gift Recipient (DGR) status and,…
Pooled cars and the Reportable Fringe Benefits exclusion
Pooled cars and the Reportable Fringe Benefits exclusion – when does it apply? One of more frequent Reportable Fringe Benefit questions we receive around June and July each year is…
Member Q&A – Are fines issued to members subject to GST?
Question Our organisation is a not-for-profit sports association that operates a league for member clubs. Where a member club has breached certain membership rules imposed by the association the member…
Member Q&A – FBT travel and ongoing working from home arrangements
Question We are looking at the option of providing ongoing working from home (WFH) arrangements to our corporate staff based on a 3 days in the office/2 days at home,…
Land tax exemption – When is a charity exempt from land tax?
Overview Landowners are generally liable to land tax where the total unimproved value of their landholdings exceeds the prescribed land tax threshold in a particular Australian jurisdiction. However, land may…
ATO finalises car parking fringe benefit ruling – what’s changed?
On 16 June 2021, the Commissioner issued Taxation Ruling TR 2021/2 ‘Fringe benefits tax: car parking benefits’ (‘the Ruling’), setting out the Commissioner’s views on when the provision of car…