Tag "FBT"

FBT – Overseas conferences: The apportionment conundrum!

Do you have staff attending conferences away from their usual place of residence? Attendance at overseas and interstate conferences raises a key issue for FBT: the extent to which the taxable value of benefits provided to the employee in connection with attending these conferences can be reduced under the ‘otherwise deductible rule’. This will particularly […]

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FBT Q&A – What are the FBT implications of benefits and outplacement services provided to former employees?

What are the FBT implications of benefits provided to former employees? This Q&A discusses some possible exemptions for employers that provide benefits or services to an employee as part of their redundancy. Question In January 2019, our organisation paid training course fees of $3,500 to a state government TAFE for a former employee to undertake a Diploma […]

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FBT – What are the benefits of an ATO-approved meal and entertainment card?

Some financial institutions offer employers salary packaging meal and venue hire entertainment cards to simplify the process of providing such benefits to their employees. This article discusses the benefits of ATO-approved cards and the types of entities that these cards are usually provided to.

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FBT – What will the ATO be looking for in your 2018-19 FBT returns?

As the end of the FBT year approaches, it is time to consider the lodgment of your 2018-19 FBT returns. FBT compliance is a common source of frustration among organisations, particularly since the costs of compliance have been shown to be disproportionately high compared with the actual tax collected. FBT can be a tricky tax—so […]

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FBT Q&A – FBT & GST implications of car parking provided to employees

You may be providing car parking to your employees that is not currently subject to FBT. But what happens if a commercial car parking station were to open within a 1km radius with the lowest all-day fee for parking above the relevant threshold during the FBT year? Read on to find out! This Q&A also […]

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FBT – Electronic log book requirements

Physical log books that require manual entry can be tiresome for both employees and employers. Thankfully, there is another way—electronic log books! But how can you ensure that these new log book systems are meeting legislative requirements? Read on to find out.

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FBT Q&A – Are paid days over the shutdown period subject to FBT if the staff aren’t required to take annual leave?

Question Our organisation has decided that the days during our holiday shutdown period that are not public holidays days (four days) will be paid days that will not require use of annual leave. This is a gesture of good will to recognise that 2018 has been a particularly challenging year and will not set a […]

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FBT Q&A – Is the provision of a VW Crewvan an exempt benefit?

Question Will a Volkswagen Crewvan TSI220 be considered a car benefit for FBT purposes?  It is a 5-seater vehicle and has a carrying capacity of less than 1 tonne.  The use of the vehicle by the employee is limited to work use and home-to-work travel.  I believe it could be considered as an ‘other goods […]

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FBT Q&A – Are scholarship recipients and vacation workers (interns) considered ‘employees’?

Question We are advertising for scholarships for students undertaking their first year in specified courses of relevance to the nature of the work we undertake as an organisation.  Together with the scholarship payments, the successful students will also perform vacation work for 12 weeks during the university end-of-year break.  Would this employment trigger an FBT […]

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FBT – FBT, festivities & functions: What you need to know as a tax-exempt organisation

At this time of the year, it can be easy to be caught up in the festivities in the lead-up to the holiday season. But if you are planning an end-of-year function or considering providing gifts to your employees, don’t forget about the potential FBT implications. This article will explore the common issues to be […]

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