FBT, Payroll, Public, Salary Packaging
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...
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ATO/General, FBT, Payroll, Public, Salary Packaging
Reportable Fringe Benefits – preparing to report
As employers prepare 2021/22 FBT returns it is normal practice to simultaneously prepare Reportable Fringe Benefits data attributable to individual...
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FBT, Public, Salary Packaging
Can the car/motor vehicle ‘workhorse exemption’ apply where an employee lives away from home during the week?
The exemptions under sections 8(2) and 47(6)Â of the FBT Act apply where there is no private use of the...
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Payroll, Public, Salary Packaging
Is it really an effective salary sacrifice arrangement?
The concept of ‘salary sacrifice’, or ‘salary packaging’, has been a part of modern remuneration arrangements for many years now....
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ATO/General, FBT, Payroll, Public, Salary Packaging
ATO announces novated lease data matching project
ATO announces data matching program on novated leases – employer implications? The ATO has advised it will be undertaking a...
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FBT, Public, Salary Packaging
Arrangements to access the FBT remote area housing exemption – what to watch out for
Non-arms length remote area housing arrangements? In 2020, in a three-part series (*links listed at the end of this article)...
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Public, Salary Packaging
The importance of adequate and current substantiation of salary packaged expense reimbursements
What happens if an employee has not (and cannot) provide an employer with adequate and current substantiation of salary-packaged expense...
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Public, Salary Packaging
Can takeaway food be treated as ‘meal entertainment’?
For certain not-for-profit (‘NFP’) employers, there is, in addition to the standard $30,000 or $17,000 FBT exemption or rebate cap...
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Payroll, Public, Salary Packaging
Member Q&A – Can child support payments be salary packaged?
Question Can an employee salary package child support payments? Answer The rules regarding salary packaging are set out in Taxation...
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Public, Salary Packaging
Salary packaging – Salary sacrifice of accrued leave
Timing is crucial when it comes to salary sacrificing leave entitlements. The Commissioner’s view on the taxation implications of salary...
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