Overview We regularly receive questions related to the GST and FBT issues associated with am employer purchasing and giving vouchers to employees. There are many reasons why vouchers/gift cards may be provided to staff but some of the more common include: As a gift – for example, a birthday or Christmas gift As a reward
GST, FBT and vouchers: How does it work? Read More »
Question Due to the extended lockdowns that have occurred most of our employees have been home based for work purposes. Many of these employees, in addition to their own personal home desktop computers, have been provided with tablets (eg iPads) to assist with their work duties. Some of these employees have requested we also provide
Member Q&A – Purchase of tablet keyboards for employees Read More »
Question In order to comply with COVID Public Health Orders , to allow employees to work from home, we incurred expenditure on upgrading the internet connection at an employee’s home. The expenditure incurred was in excess of the minor benefit limit of $300. Is the expenditure subject to FBT? If so, can Section 58X provide relief
Member Q&A – Employee internet upgrade costs, any FBT consequence? Read More »
Under the current super choice rules, employers are required to offer eligible new employees a choice of superannuation fund in order to meet their superannuation obligations. If a new employee fails to nominate their preferred superannuation fund, an employer can comply with the choice of fund rules, by making superannuation guarantee (SG) contributions on behalf
Employers: Are you ready for the new ‘stapling of super’ rules? Read More »
In a TaxEd article in May 2020 (click here) we outlined the 2020–21 Federal Budget proposal to introduce an FBT exemption for retraining and reskilling benefits that employers provide to redundant, or soon to be redundant, employees where the benefits may not be related to their current employment. The problem being fixed? Such retraining and
FBT exemption for employer provided employee reskilling training 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.
