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?
- The opportunity to network with fellow not-for-profit and Government tax and finance professionals , along with the presenters
- Morning and afternoon teas, along with lunch
- A practical and interactive session focused solely on FBT issues faced by Government and NFPs
- Comprehensive training materials
All materials will be provided electronically prior to the session.
Who should attend?
- Staff responsible for FBT return preparation
- Staff wanting to update and/or increase their current FBT knowledge
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