fbt

FBT year ends with some hot issues targeted by the ATO

  If your client is an employer, they will appreciate being advised what the ATO is looking out for, and the fringe benefits they’re expected to report, so they can avoid attracting its attention or making costly mistakes. In this year’s updated ATO list for taxpayers, titled “What attracts our attention”, there are six items

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Top 10 Tax & Super newsroom posts for calendar 2018

  Over the calendar year 2018 there have been many notable tax and self-managed super developments. Apart from bringing news and updates to Tax & Super Australia members and many others, the newsroom page of our website can also serve as a litmus test for what matters most to the tax practitioner community (driven by

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Guide to making motor vehicle expense claims

  A perennial tax topic that clients keep coming back to is claiming expenses for a car. The following notes summarise the most salient points for your clients when it comes to claiming a deduction for motor vehicle expenses. Key points to remind your clients about include: the way a claim is calculated depends on

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Board of Taxation FBT survey now open

  As readers may be aware, the Board of Taxation is undertaking a review of compliance costs associated with fringe benefits tax (FBT). The Board is now gathering evidence through online surveys with assistance from ORIMA Research, an independent research company. If you have received an email invitation from the ATO to complete the survey,

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Mid-FBT year fringe benefit compliance check-up

  It’s nowhere near Christmas yet (although a smattering of yule-infused ads have crept on to the TV), but in order to help practitioners get things right for their clients, and help them prepare for the inevitable FBT year end, the ATO has made known the fringe benefits tax issues that can benefit from a

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