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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 »
During the pandemic many employees were mandated to work from home. Post pandemic most employers have continued to allow work from home arrangements. In response the ATO has issued guidelines to assist employees calculate deductible expenses incurred while working from home. Here’s TaxEd’s guide on what’s changed and how it might affect your organisation.
Changes to work from home deductions for employees Read More »
The Australian Taxation Office (ATO) has recently released draft guidance, TR 2022/D3 dealing with employee v contractor classification. This seeks to provide clarity on when an individual is an “employee” for the purposes of the PAYG provisions. Here are the details you need to know.
Employees vs Contractors – Significant new guidance from the ATO Read More »
Legislation has received Royal Assent. Here are all the facts and what it means for Governments and NFPs.
The FBT exemption for electric vehicles – fully switched on Read More »
There are many curiosities within the GST law. Here is our summary of the ‘5-year rule’ and ‘passing on’ following recent Administrative Appeals Tribunal (AAT) decision in the Dals Property Trust Case.
GST Case: determining the ‘5-year rule’ and ‘passing on’ Read More »
As at 1 December 2022 legislation implementing the Government’s proposal to provide an FBT exemption for certain electric vehicles is still progressing through Parliament. Here’s our update.
FBT & the electric vehicles exemption: the state of play Read More »
In the lead-up to the festive season, here is a reminder on what GST credits are available for entertainment expenditure.
GST credits, FBT & Income Tax: the do’s and don’ts this festive season Read More »
“A responsible Budget in uncertain times“ – Ministerial media release The Albanese Labor Government has handed down its first Federal Budget. Described as ‘a responsible Budget for uncertain times’, the focus is largely on easing the cost of living and investing for the future. Tax reforms announced in the Budget are largely restricted to multinational
2022-23 Federal Budget: Key measures for NFPs Read More »
Question I am new to working for a Public Benevolent Institution, and am wondering how salary sacrificed amounts impact the organisations payroll tax, workers compensation and other obligations. The organisation only allows employees to salary sacrifice amounts up to the FBT exemption cap so does not pay FBT. Answer Where an organisation allows an employee
Member Q&A: salary sacrifice at a Public Benevolent Institution and its impacts Read More »
Question We are a not-for-profit (NFP) sports club. We currently self-assess that we are income tax exempt. We have the opportunity to lease and operate a local café (located away from our sports facilities and open to the public). We expect that new café revenue will be equal to the existing sports club revenue, and
Member Q&A: Will new activities jeopardise an NFP’s income tax exemption? Read More »
