Please enjoy this selection of publicly available articles.
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When are GST credits restricted for Motor Vehicles?
Generally, when a GST-registered entity acquires a motor vehicle in Australia in the course of carrying on its enterprise, then it would generally be entitled to claim a GST credit. Are there exceptions? Here’s what to consider.
Member Q&A: Dual purpose travel – how to treat the airfares?
When an employee travels for business but stays on for a holiday, how do you work out the FBT for air travel costs? Find out here with an example.
Stage 3 tax cuts: welcomed, but a sting in tail for salary packaging
Whilst the new proposed Stage 3 tax cuts will produce savings for most taxpayers, the changes will also have an unconsidered, but significant, impact for salary packaging and employees of FBT exempt and rebatable employers. Find out how you and your employees might be impacted by the upcoming changes.
Member Q&A: FBT and reimbursement of study costs
What are the FBT implication of reimbursing the cost of study for employees? Depends on the situation. Find out the details in this article.
How far can you go for GST exemption – are pontoons and waterways included?
A private pontoon is situated on council waterways leased to the resident. The resident claims that the ‘pontoon lease’ is part of the residential property and therefore should be GST free. Does the lease of the pontoon/waterway meet the criteria of being a residential lease (GST exempt) or Commercial (GST Inclusive)?
Member Q&A: Volunteer reimbursements
What are the FBT implications of giving reimbursements to volunteers?
Imported second hand EVs and the FBT exemption
We are getting a lot of questions regarding the scope of the FBT exemption for electric vehicles (EVs). An interesting question recently received involved imported second hand EV’s.
Member Q&A: Charging employee private vehicles at work
The rise of e-vehicles also raises the questions about what are the FBT implications (if any) of employees charging their e-vehicles at work? Find out our answer here.
Correcting GST Errors
On 26 September 2023 the latest legislative determination for correcting GST errors came into effect. This replaces the previously issued determination from 2013 with a change to the dollar limits that apply to ‘reflect the impact of inflation over the last 10 years’. Find out the details in our article.
ATO threaten crackdown on ‘workhorse’ vehicles!
The ATO has recently stated their concerns with certain ‘tradie’ type vehicles. The concern is that such vehicles provided to staff do not have private usage limited to home-work travel and other private travel that is minor, infrequent and irregular. Find out what it means for you as an employer.
Superannuation entitlements for audit and risk committee members
Confusion reigns regarding whether independent audit and risk committee members are entitled to superannuation in relation to remuneration received. This article aims to dissect the issues and provide some clarity.
Living away from home: Regular and rotational requirement
What does “regular” and “rotational” mean according to the ATO? How will this affect FIFO/DIDO living away from home benefits and allowances? In light of the recent Bechtel case, we find out the answer.