Third party FBT danger – what to look for
Where some businesses have tripped up in the past is where the source of benefits provided is not clear cut — that is, where non-cash…
Fringe Benefits Tax
Read MoreThird party FBT danger – what to look for
ATO spells out its big FBT concerns
March 31 and the end of the FBT year is around the corner, so to help taxpayers get things right, the ATO has made public…
Understanding novated leases, FBT and claims for work-related car expenses
A novated lease is a popular way for employers to reward and incentivise their staff. Through a salary sacrifice arrangement that includes a novated lease,…
Is that a travel allowance or LAFHA?
Travel allowances are paid to employees where in some cases the period away from home is less than 21 days, and in others, more than…
Tax and Christmas party planning
Christmas will be here before we know it, with smarter business owners already planning their end-of-year festivities. Celebrating the season can be team-building or just…
Small business car parking FBT exemption
A business becomes liable for fringe benefits tax where it provides car parking benefits in the form of a car parking facility for more than…