FBT

FBT

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Special Edition

Member Q&A – Providing printers to employees working from home: FBT considerations

Question With an increasing number of employees working from home we are considering providing a printer for use by the...

FBT – Remote area housing concessions – (Part 1 of 3)

It is stated in the ‘Productivity Commission 2020, Remote Area Tax Concessions and Payments, Study Report’ (Feb 2020), that remote...

Member Q&A – A car in a workshop for extensive repairs – ‘available for private use’?

Question One of our staff members is provided with a car fringe benefit by way of novated lease. The staff...

FBT – Reimbursement of HELP funded employee course fees

We are often asked via the TaxEd members Q&A portal about the FBT treatment where an employee’s self-education course fees...

FBT, GST, Public

GST and FBT – Giving vouchers to staff

It is relatively common for employers to buy and give vouchers or gift cards to staff (for example, as a...

FBT compliance strategies for cars that might reduce your FBT payable

When reflecting on an organisation’s FBT compliance, it is useful to consider any compliance strategies that may make compliance simpler...

FBT Q&A – Section 57A employer endorsed part way through the year

Does endorsement of a PBI employer part-way through the year allow access to the full $30,000 grossed up FBT exemption...

Effective FBT control environments

Are you effectively managing your FBT risk? It’s an opportune time to review your processes. With the 2020 FBT return...

FBT Q&A – Provision of gifts to long serving employees

Is a local government organization entitled to claim FBT exemption for long service gifts under s. 58Q of the FBT...

FBT – Car Parking threshold for FBT 2021

If employer-provided parking is supplied to employees, have you considered whether the applicable car parking threshold is exceeded for the...

Eligibility, FBT, Public

FBT and Eligibility – Cents per km rates

Have you factored in the 2020-21 car expense rates for FBT and Income Tax purposes respectively? FBT – cents per...

FBT Q&A – Reportable FBT in relation to motor vehicle benefit

Where a vehicle is used for full private use successively by different employees in an FBT year, does each employee...

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