TaxEd 2022 FBT Roadshow

FBT: Another unprecedented year!

BRISBANE

15 March 2022

DARWIN

17 March 2022

MELBOURNE

25 March 2022

ONLINE

22 March 2022

Get the recording.

Everything you need to know about FBT in 2022

The COVID-19 pandemic had a hiatus but returned with a vengeance, resulting in another topsy turvy year for employers, employees, and the community in general! Join us for our 2022 FBT Roadshow, where we will cover key issues that are relevant to Government and NFP employers when preparing the 2022 FBT return.

Real life examples will be used based on the best of the FBT issues raised in the TaxEd Q&A service, which produces a treasure trove of real-life Government and NFP FBT issues.

What can you expect from this session?

All materials will be provided electronically prior to the session.

Who should attend?

This workshop is suitable for all levels of FBT experience, but a basic understanding of FBT is beneficial.

What will the session cover?

Working from home, home garaging of work cars and changed driving patterns and issues for logbooks/business use %’s, COVID-19 testing and quarantine-related issues, meal entertainment, salary packaging, etc. Full coverage of the specific FBT concessions relevant to the impact of the virus and benefits provided.

FBT exemption for retraining and reskilling employees now law!

Advice under development – treatment of COVID-19 vaccination incentives/rewards provided to employees. Will FBT apply?

Be aware of proposed changes commencing 1 April 2022.

Draft Taxation Rulings TR 2017/D6 & TR 2019/D7 now finalised as TR 2021/4 & TR 2021/1. We will focus on the key take-aways as they apply to employee travel.

Smart watches/ Portable headphones and ear buds for staff working from home – exempt? What qualifies for exemption?

What is it and when is it subject to FBT? Using a variety of common examples, we will explore the FBT rules for entertainment type scenarios to make sure you are getting it right including claiming the correct amount of GST credits

We will explore all the FBT issues regarding business and private travel, on-call employees, tool of trade vehicles, logbook issues and more, including the impact of COVID-19.

What to expect, common errors and troubleshooting