Editor’s note: The government has recently announced no FBT applies to COVID-19 testing. The Government announcement will be covered in detail in our March 2022 Update. Are there FBT implications for COVID-19 testing? You may require your employees to undertake COVID-19 testing before attending the workplace. Employees may also be required to have COVID-19 tests […]
FBT implications of employee COVID testing costs Read More »
Question We conducted a new staff welcome function. The function was held on work premises on a work day and catering in the form of light finger food with no alcohol was provided. Are the catering expenses meal entertainment? Answer When considering whether something is entertainment we need to focus on the ATO tests of
Member Q&A – Is the provision of light finger food entertainment? Read More »
As the Christmas period approaches, many employers will provide a Christmas function to their staff members. This gives rise to the question, how does FBT apply to the function and any gifts provided to employees? In this article, we look at the general application of the FBT provisions to a tax-exempt body who provides to
FBT, tax exempt bodies and the Christmas Party Read More »
Question We recently held a senior management meeting which included a dinner and was held after normal working hours. The dinner commenced at 6pm so there was insufficient time for employees to go home for dinner before the meeting commencement time of 7:30pm. As such, a meal was provided to them before the meeting. The
Member Q&A – Dinner provided to staff before late meeting Read More »
Question A staff member has upgraded her home desktop computer and, as she is working from home more these days, she has requested reimbursement of the cost of the computer via salary sacrifice – can we use the otherwise deductible rule to reduce our FBT payable? Answer For an employee acquiring a depreciable asset for
Member Q&A – Reimbursement of employee desktop computer costs Read More »
Question: Council have engaged a contractor to provide a service. In order to provide the service the contractor is required to purchase materials and will incur other expenses, however before purchasing any materials or incurring any expenses, the contractor must receive approval from Council in order to be reimbursed. On completion of the project, Council
Member Q&A – Does GST apply when reimbursing a contractor’s expenses? Read More »
There are usually two times in the year where we see an increase in questions relating to donations – in the lead up to 30 June (the end of the financial year) and in the lead up to Christmas. The GST rules regarding donations generally apply equally irrespective of the type of entity that is
GST and Gifts: Can a ‘donation’ be subject to GST? Read More »
From November 2021, directors and alternate directors of certain organisations will need to apply for a director identification number (DIN). The DIN is part of a package of reforms introduced to address illegal phoenix activity. The DIN will require all directors to confirm their identity and will be a unique identifier for each person who
Director Identification Numbers: Are your directors required to apply? Read More »
This article provides a general summary of the subject covered and cannot be relied upon in relation to any specific instance. It is not intended to be, nor should it be relied upon as, a substitute for professional advice. TaxEd Pty Ltd and any person connected with its production disclaim any liability in connection with any use.