FBT

FBT

Salary Packaging

Special Edition

FBT alert: Ride-sharing travel services

Relief from discrepancy in the FBT treatment of taxi travel and riding-sharing travel services is ‘in hand’. Long-standing readers of...

FBT Q&A – Payment of employee annual public transportation pass

Does a fringe benefit arise where an employer pays for an employee’s annual Myki (public transportation) card on the basis...

Eligibility, FBT, Public

Eligibility & FBT – Securing PBI status during an FBT year: Effect on FBT exemption cap

If an employer gains public benevolent institution (PBI) status during the FBT year, do employees become eligible to use the...

FBT Q&A – Expense payment fringe benefits: Returning input tax credits to employees

We provide expense payment fringe benefits to our employees. This, in part, involves returning input tax credits (ITCs) to the...

FBT Alert: Ride-sourcing travel services such as Uber may be subject to FBT

The ATO has recently confirmed their view that the FBT exemption for taxis only applies to vehicles that are licensed...

FBT, Public, Salary Packaging

Salary Packaging and FBT – Timing issues of employee contributions and the effect of a journal entry

Do you offer salary sacrifice arrangements to your employees? This article discusses the timing issues that you need to consider...

Eligibility, FBT, GST, Payroll, Public, Salary Packaging

General Article – E-invoicing, not electronic invoicing – there is a difference

Money flows out under digital process such as Single Touch Payroll (STP) – what if money could flow in through...

FBT Q&A – Car transferred to employee as part of redundancy package

Question An employee was made redundant and as part of his redundancy package there was the transfer of ownership of a...

FBT Q&A – Are exempt ‘workhorse cars’ subject to the car parking fringe benefit rules?

Do we need to pay FBT on the ‘car parking’ of a utility truck designed to carry a load of...

FBT – Overseas conferences: The apportionment conundrum!

Do you have staff attending conferences away from their usual place of residence? Attendance at overseas and interstate conferences raises...

FBT Q&A – What are the FBT implications of benefits and outplacement services provided to former employees?

What are the FBT implications of benefits provided to former employees? This Q&A discusses some possible exemptions for employers that...

FBT – Can a smart watch be exempt from FBT?

The ATO has considered whether a smart watch can be exempt from FBT in a recent private binding ruling (PBR)....