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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

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Notes Online Home 2019 FBT Latest guide to FBT exempt benefits
Dealing with the FBT exemption for work-related items

In this section of the seminar notes we will discuss dealing with the FBT exemption for work-related items. More specifically:

  • Satisfying the ‘primarily for use in the employee’s employment’ requirement
  • How many devices are eligible for the FBT exemption?
  • Employers who pay for internet expenses and the exemption
  • Consolidated flowchart – identifying when work-related items will qualify for the S.58X exemption

Chapters and Articles in 2019 FBT

Developing an employer salary packaging policy

A complete guide to calculating the salary sacrifice amount for common fringe benefits

How does salary packaging affect employer obligations for employees?

FBT and salary packaging paperwork needed for new employees and those leaving

Fundamentals of car fringe benefits

ATO puts the audit spotlight on the Statutory formula method

NTAA’s guide to calculating FBT payable under the Operating cost method

How to identify if a car fringe benefit is a Type 1 or 2 benefit

Choosing between the Operating cost and Statutory formula methods – an NTAA guide

Getting the fundamentals right for salary packaging

Advanced salary packaging opportunities for employees earning less than $90,000

Advanced salary packaging opportunities for business owners and executives

Tips and traps associated with employees of FBT-exempt and FBT-rebatable employers salary packaging

Latest developments associated with the minor benefit exemption

Dealing with the FBT exemption for work-related items

When does an employer provide entertainment?

Fundamentals of identifying when food and drink is ‘meal entertainment’

Methods for valuing meal entertainment

Applying the valuation rules to particular circumstances

Tax-exempt employers and entertainment

Audit traps associated with employers paying employee home internet costs

The ATO puts the audit blowtorch on benefits received by shareholders and beneficiaries

ATO confirms tax sting where employees take employer cars home for security reasons

ATO confirms major problems with employers paying LAFHAs – Don’t be caught out

ATO confirms FBT nightmare for employees being entertained by clients, suppliers etc.

Recent development confirms FBT windfall for cars parked at work whilst employees holiday

Tax jolt for benefits provided to employees of private companies

New FBT guidelines for employees working on construction sites, outdoors etc.

ATO announces recordkeeping concessions under the logbook method

NEW ATO guidelines for FBT-exempt ‘workhorse’ vehicles

New guidelines offer welcome relief for employer cars parked at airport car parks

NTAA guide to the FBT rates and thresholds for the 2019 FBT year