An unforeseen fringe benefit (and the tax consequences)–Sept 2014
John is an executive sales manager for Fine Foods Pty Ltd, which owns a number of food brands including pre-packaged meals, canned goods and some…
Fringe Benefits Tax
Read MoreAn unforeseen fringe benefit (and the tax consequences)–Sept 2014
Novated leases and FBT explained–Sept 2014
Wrapping a car into a salary package is a very popular choice, and doing so as part of a salary sacrifice arrangement often raises the…
FBT – fears, cheers and changes – March 2014
The current FBT year is just wrapping up, and it has been a period of potential turmoil with the proposal to scrap the statutory formula…
Christmas cheer – with no FBT fear –November 2013
With the year steadily making its way towards the festive period, businesses that are turning their attention to end-of-year celebrations will need to keep in…
Employee motor vehicles, FBT-free? Yes please!–May 2013
Providing certain benefits to staff instead of cash as part of their remuneration is fairly common practice. The usual outcome for employers is an exposure…
ATO’s car FBT crosschecking efforts – April 2013
The fringe benefits tax (FBT) year has just ended and the FBT return lodgement deadline is now on the horizon. The ATO has taken the…