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Disclaimer
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 2023 FBT An Essential FBT Guide to Hiring and Firing Staff
How does salary packaging affect employer obligations for employees?

In this section of the seminar notes we ask the question, how does salary packaging affect employer obligations for employees?

  • How does salary packaging affect annual and long service leave of a current employee?
  • How does salary packaging affect an employee’s entitlement to Superannuation Guarantee (‘SG’)?
  • A State-by-State guide to the payroll tax and Workcover implications for employees who salary package

Chapters and Articles in 2023 FBT

Government introduces NEW landmark FBT- exemption for electric cars

High Court decisions highlight the dangers of hiring independent contractors

ATO confirms FBT savings for salary packaged cars stored on business premises

Government announcement causes confusion for car parking benefits in the 2023 FBT year

Government unveils NEW record-keeping concessions for all employers

NEW ruling uncovers FBT savings for benefits provided by unions, employee associations

NTAA guide to the updated rates and thresholds for the 2023 FBT year

What are the danger labels associated with the 2023 FBT return?

ATO audit activity uncovers major problems with car logbooks and FBT

ATO guidance creates FBT minefield for employees on business travel

Amendments create FBT sting for overseas employees coming to Australia

Traps and tips associated with providing benefits to staff who are working from home

FBT issues to consider when providing staff with return-to-work incentives

FBT issues when providing benefits to staff working from home or returning to work

Fundamentals of car fringe benefits

ATO puts the audit spotlight on the Statutory formula method

An essential guide to calculating the taxable value under the Operating cost method

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

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

When does an employer provide ‘entertainment’?

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

Methods for valuing ‘meal entertainment’

Completing the 2023 FBT return for meal entertainment

Applying the valuation rules to particular situations

Important administrative and payroll issues when allowing employees to salary package

How does salary packaging affect employer obligations for employees?

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

FBT and salary packaging adjustments for departing employees

Salary packaging opportunities for employees on all income levels

Innovative salary packaging techniques for employees who salary package cars

Recent amendments provide huge savings for employees salary packaging electric vehicles

Important employer savings when offering salary packaging to employees