Tag "FBT"

Distinction and Treatment of LAFHAs and Travel Allowances – common errors

It is important to distinguish between a person who is travelling away from his or her usual place of residence and a person who is living away …

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FBT Q&A – axing of Stat method canned

Question Hi, Could you please confirm that there will be no changes to the methods ava…

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FBT Q&A – Travel allowance

Question Just a general question in regard to travel allowance being paid to employees where the period away from ho…

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FBT Q&A – long service leave prepaid credit card

FBT Question Long service leave awards ar…

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FBT Bombshell ‘ proposed annihilation of the statutory formula method to calculate the taxable value of car benefits

The latest on the axing of the Statutory Formula, what it means and the impact now we have an election date set.

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Proposed FBT changes to car benefit ‘ salary packaging effect

The Australian government has announced with effect from 1 July 2014 it proposes to abolish the statutory formula as a methodology to calculate taxable value of a car benefit for FBT purposes.

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Abolition of the statutory formula method for cars

The Australian government has announced with effect from 1 July 2014 it will abolish the statutory formula as a methodology to calculate taxable value of a car benefit for FBT purposes.

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Application of the new LAFHA measures to “fly-in fly-out” and “drive-in and drive-out” employees

If an employee is employed under genuine fly-in fly-out or drive-in drive-out arrangements, and the employee has residential accommodation at or near their usual place of employment, the taxable value of a post-30 September 2013 LAFHA benefit for such an employee is the value of the benefit reduced by any exempt accommodation component and any […]

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FBT Q&A – Compulsory Uniforms

FBT Q&A – Compulsory Uniforms

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