Tag "Salary Packaging"

Salary Packaging Q&A – sacrificing to a mortgage offset account

Salary Packaging Q&A – sacrificing to a mortgage offset account

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Salary packaging concessionally taxed benefits

It is a no-brainer that salary packaging benefits that are fully exempt from FBT under an effective salary sacrifice arrangement will produce a tax saving advantage for employees. It is also clear that no real tax saving advantage ensue for employees where they salary package benefit that are fully taxable under prevailing FBT legislation.

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Salary Packaging Q&A – Laptop and otherwise deductible rule

Salary Packaging Q&A – Laptop and otherwise deductible rule

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Salary packaging – reimbursement of business activity expenses and otherwise deductible rule

In the circumstances to which the TD 2013/20 applies, the ATO notes that to apply the “otherwise deductible rule” for FBT purposes to reduce the taxable value of an expense payment benefit, the employer needs to determine the notional deductibility of the relevant expenditure, on the assumption that it has not been reimbursed.

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Salary Packaging Q&A – salary sacrifice to mortgage offset account

We have 2 employees who wish to salary sacrifice to mortgage offset account. Can you confirm they are not allowed to do this?

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Salary Packaging Laptops, tablets, iPads etc

As laptops, tablets, iPads and other similar portable computers com…

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Salary Packaging Q&A – staff request for relocation salary sacrifice

Question Our Payroll staff have received the following request, from a new employee who is relocating from interstat…

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Salary Packaging Q&A – Salary sacrifice

Question We have 2 employees who wish to salary sacrifice to mortgage offset account. Can you confirm they are not a…

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Salary packaging Q&A – relocation costs

Salary Packaging Question An employee who started with Council 12 months ago, wants to salary sacrifice her relocati…

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Salary Packaging – The advantages of salary packaging self education expenditure

If employees fancy improving their resume and taking a qualification or course related to their current employment, they can package course fees, stationery, text books and student union fees. As these costs will come out of their salary pre-tax, they will of course be reducing the amount of income tax they pay each year.

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