Tag "FBT"

FBT Q&A ‘ Non-Salary Packaged Entertainment of PBI Employers

With the new $5,000 cap for salary packaged entertainment, what impact do these rules have for a PBI employer on entertainment provided that is not part of a salary package?

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FBT ‘ Valuation of Housing Fringe Benefits

An employee may be provided with housing by their employer, and in some cases the living arrangement requires the employee to live on or near the employer’s premises. In these cases special valuation rules may apply.

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Payroll ‘ The Advent of Single Touch Payroll

Legislation providing for a single touch payroll (STP) reporting has been enacted. The Commissioner of Taxation has issued a consultation paper, and sought input, on administrative issues relating to application of STP reporting. This note looks at the elements of the legislation and the issues raised in the Commissioner’s consultation paper.

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Payroll ‘ Payroll Issues Update – October 2016

This article directs your attention to recent PAYG and Superannuation matters raised by the ATO.

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FBT Q&A ‘ Short term hire car arrangement

What is the FBT liability when a hire car is provided to an employee?

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FBT Q&A ‘ Evening dinner to celebrate years of service

FBT issues for an employer recognising the service provided by long term employees.

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FBT ‘ Home to work travel when on stand-by

Is home to work travel when on stand-by or on-call duty ‘otherwise deductible’ for the purposes of the operating cost method of valuing a car fringe benefit?

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FBT Q&A ‘ Does the hiring of a marquee constitute an entertainment facility leasing expense?

Sometimes  an employer will have an off-site function at a park or nearby gardens and will hire a marquee with a pop-up bar facility. Is the marquee an entertainment facility leasing expense?

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FBT ‘ Do you need HELP with employee course fee reimbursements?

HELP fee assistance is available for many courses of study and where an employee is undertaking a course of study with the relevant nexus to their income earning activity reimbursement of HELP funded course fees is often sought.

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FBT – Modified cars and the ‘workhorse’ exemption

Can a car be modified such that it qualifies as a ‘workhorse’ vehicle that is eligible for FBT exemption?

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