Salary Packaging Q&A – Can an employee salary package low-value expenditures and claim the minor benefits exemption?
Question One of our employees has queried whether she can salary package a range of less than $300 in expenditures and claim the minor benefits exemption, meaning there would be no FBT payable and it would be therefore be very tax effective for her. Is this possible?
Salary Packaging Q&A – S. 58X exemption: Do we need a declaration that covers portable electronic devices?
Question We would like to provide an employee with a declaration that shows they satisfy the requirements of an exempt benefit for an electronic device they have purchased. How should the declaration be worded?
Salary sacrifice of a proposed bonus into superannuation?.
If an organisation is planning to allow salary sacrificing for employees in regards to their income protection insurance and life insurance policy costs – will this result in a fringe benefit tax liability or is there a specific exemption that applies?
Salary Packaging Article ‘ Superannuation guarantee salary sacrifice integrity measures introduced to protect employee entitlements
The Government has now tabled draft legislation to ensure employers cannot include salary packaged superannuation contributions to meet the employer SGC obligations.
This article provides a ‘heads up’ on the roll out of Single Touch Payroll and proposed action on superannuation guarantee. It also briefly considers implications for directors of failure to make compulsory superannuation payments on time.
The ATO has issued a draft Practical Compliance Guideline on the extent to which it accepts that payments for use of sportspersons images can be made to third parties without the ATO taking issue. This article looks at the ATO’s proposed position.
An employer is considering allowing employees to salary package income protection insurance – what tax issues arise?
Many employees catch public transport to work by way of train, tram (Melbournians) or bus. Home to work travel is private but is there any advantage in an employee salary packaging their public transport costs?