Tag "FBT"

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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FBT Q&A – HECS student contributions

Question One of our staff members has enrolled in a Commonwealth Supported Place at university.  Since these courses are jointly paid by both the Commonwealth Government and the student, is the student contribution subject to FBT as an expense payment benefit if we pay or reimburse the student for this amount?

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FBT Article: When is an employee’s travel considered itinerant?

The ATO has been closely examining work-related car expenses as part of its increasing focus on work-related deductions. It is vital to correctly distinguish between work-related and private travel for FBT purposes. This article addresses the increasing number of questions we’ve been receiving about itinerant travel.

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FBT – Can a smart watch be exempt from FBT?

Are you considering providing your employee with a smart watch? This article will help you consider whether the smart watch will be subject to FBT.

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FBT Q&A – Morning teas for staff departures and milestones

It is common for organisations to celebrate achievements and milestones by providing morning and afternoon teas to their employees. This Q&A provides some guidance on the potential FBT treatment of similar gatherings held on staff premises.

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FBT Q&A – Pro rata car fringe benefit

Question: One of our managers was provided with a car for personal and business use. She recently resigned and the car was not provided to the new (replacement) manager or any other employee for private use. When calculating the FBT, can we use a pro rata basis for the calculation based on number of days the […]

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FBT Q&A – Is a salary packaged iPad keyboard exempt from FBT?

Is an iPad keyboard an exempt benefit under s. 58X of the FBTAA?

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