RSM Australia

FBT

Employee parking could cost you FBT

5 December 2019
The November release of Draft Ruling TR2019/D5 (the draft ruling) may prove to be a cause of concern for employers.

Fringe Benefits Tax – Tips and Traps for the 2019 FBT year

25 March 2019
With the introduction of Single Touch Payroll (STP), the Australian Taxation Office (ATO) now has access to real-time information about employers and their employees.   If you have employees, the more likely it is you are providing some form of fringe benefit and the higher the risk the ATO will expect to see you lodge a Fringe Benefits Tax (F

Payment of employee bonuses

19 September 2018
Recognising the hard work of employees is important to ensure morale remains high in the workplace and that quality workers are retained in your business. One of the easiest ways to reward employee excellence is through the payment of employee bonuses. 

Fringe Benefits Tax – ATO finalise their position on private use of vehicles.

18 July 2018
New guidelines for private use exemptions of eligible motor vehicles for Fringe Benefits Tax (FBT) - ATO says yes to making a quick stop to grab a coffee (as long as it doesn’t add more than 2kms to your trip to work and is infrequent) but no to heading to cricket practice after work. 

Fringe Benefits Tax  – ATO Focus Areas

24 April 2018
With Fringe Benefits Tax (“FBT”) returns due for lodgement in May, the Australian Taxation Office (“ATO”) has highlighted common FBT errors that may attract further scrutiny.

Fringe Benefits Tax – When is private vehicle use exempt?

19 December 2017
ATO releases draft guidelines to assist employers determining Fringe Benefits Tax (FBT) exemptions for employee’s private use of vehicles.  The draft Practical Compliance Guideline (PCG) considers FBT exemptions often used by employers in respect of utilities, vans and eligible dual cabs.

Fringe Benefits Tax Spotlight

18 April 2017
Customer Loyalty Programs Do you provide employees with a business credit card associated with a customer loyalty program? 

Fringe Benefits Tax – Simplified Approach to Log-Books

24 October 2016
The ATO have taken steps to lessen the administrative burden for employers with a fleet of more than 20 cars with the release on 19 October 2016 of Practical Compliance Guideline 2016/10.