Salary Packaging

Salary Packaging

Salary Packaging

Special Edition

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...

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...

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) of the FBT Act apply where there is no private use of the...

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....

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...

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)...

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...

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...

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...

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...

Payroll, Public, Salary Packaging

Salary Packaging Q&A – Councillor access to salary packaging

Can a councillor salary package amounts otherwise due? Question Can a Councillor salary package amounts otherwise due from Council and...

Public, Salary Packaging

Salary Packaging – Structuring salary packaging arrangements: Dealing with luxury car adjustments

It is important to structure salary sacrificing arrangements to be beneficial to both the employer and employee. This often involves...

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