By Steve Burnham
When claiming for work-related car expenses, many taxpayers miss out on maximising their claim due to inadequate record keeping. But also, failing to maintain a valid car…
Small Business Car Parking FBT Exemption
By Tax & Super Australia
A business becomes liable for car parking fringe benefits tax where it provides parking for more than four hours on its premises to its employees,…
Fringe Benefits Tax and Entertainment Update
By: Steve Burnham
In the run up to the end of the FBT year, the ATO reminds employers that a fringe benefit may be provided by another person on behalf…
Fringe benefits tax and entertainment update
By: Stve Burnham
In the run up to the end of the FBT year, the ATO reminds employers that a fringe benefit may be provided by another person on behalf…
Novated Leases and the Deductibility of After-tax Running Costs
By: Steve Burnham
Including a car in a salary package is a popular remuneration arrangement, and doing so as part of a salary sacrifice package will often give rise the…
New Fleet “safe Harbour” Approach for Car Fringe Benefits
By: Steve Burnham
The ATO has announced that, after consultation and collaboration with business taxpayers and industry representatives, it has developed what it calls a “safe harbour” mechanism for calculating car…
Some Common FBT Mistakes
If a business provides certain benefits to staff, or their associates, the business taxpayer may be up for fringe benefits tax (FBT). But there seems to remain ongoing misconceptions,…
