Updated FBT rates and thresholds
As the 2023/24 FBT year commences it is always important to monitor changes to relevant rates and thresholds. Here are some key ones to note going into new FBT year.
Updated FBT rates and thresholds Read More »
FBT
Member Q&A: FBT treatment of E-tag costs for ‘workhorse’ vehicles
How does the ATO treat the cost of e-tags in a 1 tonne or more vehicle? Read on to find out.
Member Q&A: FBT treatment of E-tag costs for ‘workhorse’ vehicles Read More »
Is security at a Council meeting an FBT exposure?
When is security provided for employee safety purposes considered a taxable fringe benefit? In this article, we aim to answer this very question.
Is security at a Council meeting an FBT exposure? Read More »
FBT compliance record keeping simplifications
Four more proposed FBT compliance record keeping simplification measures have been announced. Here is our summary of what they are and how will they work.
FBT compliance record keeping simplifications Read More »
Member Q&A: Car fringe benefit while away on overnight travel
Does a car fringe benefit arise for business trips with a company car? What is considered a ‘place of residence’? Read on to find out.
Member Q&A: Car fringe benefit while away on overnight travel Read More »
The FBT implications of continuing WFH arrangements
How should employers treat office equipment in a WFH context? Read our article with a worked through example to find out the answer.
The FBT implications of continuing WFH arrangements Read More »
Member Q&A: Cost of a band at end of year function, 50/50 method
End of year functions with entertainment. Find out exactly what is covered under the 50-50 meal entertainment rule.
Member Q&A: Cost of a band at end of year function, 50/50 method Read More »
Payment of employee’s legal fees – otherwise deductible rule
Where an employer are to pay an employee’s legal costs should an employee be subject to legal action as a result of the performance of their employment duties. Is this subject to FBT? Read on to find out.
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Member Q&A: FBT car exemption – modification of passenger cars
Our Fleet Department purchase passenger vehicles from a dealership, to be modified. The modified vehicle will have seating capacity for 2 people. We are wanting to ascertain whether the car is now principally designed to carry a load (under one tonne) and not to carry passengers and whether modifications bring the cars within the sub-section 8(2) of FBT Act 1986 and possibly results in the car being exempt? Read our answer here.
Member Q&A: FBT car exemption – modification of passenger cars Read More »
ATO updates: Electric vehicles and car parking ruling TR 2021/2
The ATO has released more detailed public guidance on the new electric vehicle FBT exemption and finalisation of TR 2021/21. Both though are live matters for 2022/23 FBT compliance and employers need to be across the ATO announcements.
ATO updates: Electric vehicles and car parking ruling TR 2021/2 Read More »
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