2024-25 FBT Checklist
With the due date for FBT returns coming up, the following non-exhaustive checklist may prove useful in determining whether an employer has an FBT liability…
Fringe Benefits Tax
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Christmas and Tax
With the festive season just around the corner (or already under way), many business owners will be gearing up for year-end celebrations with both employees…
Gifting To Employees
Some employers, especially at Christmas time or for birthdays, give small gifts to their employees or the employee’s associates (i.e. spouses). These gifts typically take…
Work-Related Car Expenses Updated
The ATO has just announced that the cents per kilometre rate has increased to 85 cents per kilometre for 2023 To recap, there are two…
Employee Allowances
Do your employees travel for work? The ATO has issued new guidance to help employers determine whether to pay employees a travel allowance or a…
e-bikes, FBT, and salary sacrificing
Entering into a remuneration package to secure a vehicle through a salary sacrifice arrangement is a popular option offered to employees. However the ATO has…