Question Following on from the recent Q&A titled ‘Reimbursement of ear pod headsets’ (September 2020 TaxEd Update) would you also consider cordless headphones (e.g. Sony Wireless ‘On Ear’ Headphones) to be portable electronic devices and headsets with a microphone (e.g. telephonist style headsets)? These type of headphones and headsets have their own battery and can […]
FBT Q&A – Headphones and headsets – portable electronic devices? Read More »
In the 2020 Federal Budget, eagle-eyed charities and advisers may have noticed that the Federal Government has allocated $2.9 million over three financial years to the Australian Charities and Not-for-Profits Commission (“ACNC”) to conduct risk reviews of charities. The ACNC has confirmed that it will use this funding to “undertake field-based compliance reviews to assess
Charities and the need to meet governance standards Read More »
In a previous article (see September 2020 TaxEd Update re Moffet case) we examined who is an employee for superannuation guarantee (‘SG) purposes, in particular the extent to which contracts for the ‘labour’ of a person cause the person to be an employee of the other party. In the Moffet case a dentist was held
Superannuation payments to independent contractors – The MWWD Case Read More »
In this, our last article of a three-part series focusing on remote area housing concessions, we focus on some of the lesser known and utilised provisions consisting of the following benefits: Remote area property Remote area property expense payment Remote area residential property option fee Remote area residential property repurchase consideration For those who have
FBT – Remote area housing concessions (Part 3 of 3) Read More »
In part one of this series published last month, we focused on some fundamental remote area concepts. In this second article in our series covering the various remote area housing exemptions and concessions we will cover the following specific concessions contained in the Fringe Benefits Tax Assessment Act 1986 (‘FBTAA’): Remote area housing loan Remote
FBT – Remote area housing concessions (Part 2 of 3) Read More »
Question Many of our staff are on the road or work outdoors and they often use their mobile phones as part of their duties. We supply them with mobile phones for this purpose. Some staff have asked if they can salary sacrifice the cost of Bluetooth ear pod type headsets for use with their phones
Member Q&A – Reimbursement of ear pod headsets Read More »
Question Can an employee salary package child support payments? Answer The rules regarding salary packaging are set out in Taxation Ruling TR 2001/10 and are summarized on the ATO website (click here) Subject to the usual rules being satisfied regarding what constitutes an ‘effective salary sacrifice agreement’ an employee’s child support obligations can be included
Member Q&A – Can child support payments be salary packaged? Read More »
It is stated in the ‘Productivity Commission 2020, Remote Area Tax Concessions and Payments, Study Report’ (Feb 2020), that remote Australia accounts for more than 85 per cent of Australia’s landmass but just 2 per cent of Australia’s population. Despite the Government announcing it would not proceed with proposed FBT changes recommended by the Productivity Commission that would have
FBT – Remote area housing concessions – (Part 1 of 3) Read More »
Does a pro forma invoice constitute a tax invoice? And if so, does a pro forma invoice allow an entity to claim GST credits? Introduction It is not uncommon for businesses supplying goods or services to first issue a pro forma invoice to their clients before any goods or services are provided or agreed
GST – When is a pro forma invoice a Tax Invoice? 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.
