FBT
Bah humbug: The Christmas Tax Dilemma for Businesses
Don't let taxes ruin your holiday spirit! This blog decodes the tax complexities of Christmas spending, ranging from FBT on parties to gift deductions. Here are our best suggestions to avoid giving the Australian Taxation Office a bonus this holiday season.
Superannuation Death Benefits – Who Gets Your Super?
Who decides what happens to your superannuation savings when you die? You might believe that you do, however that isn't generally the situation. A definitive choice might be made by somebody you don't know - the legal administrator or trustee of your superannuation fund. Here’s what you need to know in making a valid binding death benefit nomination.
Understanding FBT Rates
When it comes to taking clients out for a quick lunch to discuss key details, it is important to understand the fundamentals of a process such as this. It plays a big role in what you end up getting in terms of overall value from the relationship. There are specific details that need to be […]
FBT
There are some employers who unwittingly get into trouble with the FBT because they do not correctly interpret the infrequent and minor exemptions that are provided for all benefits of $300 or less. The main area of concern for these employers is when they get into trouble when applying for infrequent and minor exemptions in […]
Lodging an FBT Return
Fringe Benefit Tax (FBT) captures benefits enjoyed by employees but it is the employer that is levied in the end. Unless the agreement with the employer allows payable FBT to be recouped from the employee, the employer can’t be reimbursed. Why then would any employer want to lodge an FBT return if there […]