2021 FBT Roadshow

FBT: The unprecedented year that was!

What a year it has been for employers, employees, and the community in general! Join us for our 2021 FBT Roadshow, where we will cover key issues that are relevant to Government and NFP employers when preparing the 2021 FBT return.

We will use examples based on the best of the FBT issues raised in the TaxEd Q&A service, which produce a treasure trove of real life Government and NFP FBT issues.

What will the session cover?

• FBT and COVID-19
  Working from home, home garaging of work cars and changed driving patterns , COVID-19 testing and quarantine related issues, meal entertainment, salary packaging, etc.………full coverage of the specific FBT concessions relevant  the impact of the virus and benefits provided.
• Recent announcements
  What’s changed or changing? FBT exemption for retraining and reskilling employees, reducing the compliance cost of FBT record keeping, increasing access to small business entity concessions.
• Entertainment
  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
• Cars and motor vehicles
  We’ll 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.
• Work travel or Living Away from Home?
  Draft Taxation Rulings TR 2017/D6 & TR 2019/D7 – where are we at?
• Car Parking
  We’ll do an in-depth review of changes to the ATO’s FBT treatment of car parking
• The minor benefits exemption – what can be exempt?
  
• Exempt work-related items
  Smart watches/ Portable headphones and ear buds for staff working from home – exempt?
• FBT compliance tips and traps
• Reportable Fringe Benefits
  Getting disclosures right including dealing with the ‘pooled car’ exclusion and when it applies
• Remote area fringe benefits
  An update on proposed changes

Who should attend?

• Staff responsible for FBT return preparation

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

What can you expect from this session?

• A practical and interactive session focused solely on FBT issues faced by Government and NFPs
• Morning and afternoon teas, along with lunch
• Comprehensive training materials
• The opportunity to network with fellow not-for-profit and Government tax and finance professionals , along with the presenters

All materials will be provided electronically prior to the session.