The recent case Toowoomba Regional Council v FCT challenges the current ATO guidance causing uncertainty for employers who provide car parking to employees.
How will the FBT treatment of zero or low-emission vehicles change after April 1, 2025? Our article explains the transitional rules and how they will apply.
Opposition Leader, Peter Dutton announced a proposal to introduce a capped tax deduction of $20,000 per year for business-related meal and entertainment expenses. So who benefits and how will it work?
With the 2024 FBT year now over the focus switches to FBT return preparation and lodgement. This article outlines a variety of FBT matters that have crossed our desks in 2024, including the challenge of getting FBT compliance right.
It seems appropriate for our final edition of The Assessment in 2023 that we look back on a few tax decisions from this year including EV charges and NFP reporting. We shall also cast our minds forward to foresee some possible tax changes to come in 2024.
We would like to provide an end of year summary regarding various tax issues that have being simmering along over recent years. All of these issues have been evolving for several years and are of widespread application.
The Government recently announced a proposal that may provide FBT exemptions for electric vehicles. Read our latest article to learn more.
The ATO’s changed view of whether a shopping centre car park is a commercial car parking station (for FBT purposes). For many employers this will mean, for the first time, a car parking fringe benefits liability exists as from 1 April 2022.
We had a little laugh recently when Chartered Accountants Australia & New Zealand (CAANZ) lodged a submission with the Treasurer (3 June 2020) noting “FBT
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