FBT 2017: Entertainment Expenses
Unravelling the FBT, GST, Income Tax, accounting and process challenges associated with Entertainment fringe benefits.
Aug 23Wed 1:00 PM AEST - Wed 2:30 PM AEST Online
- $220.00 incl. GST
- PD hours: 1.5
Entertainment represents the most challenging benefit to identify, value and report in annual FBT Returns. Our Entertainment Expenses webinar will provide you with a clear understanding of the tax, accounting and process rules governing Entertainment benefits.
Particular focus areas will include:
• How to achieve FBT savings through valuation, planning and structuring.
• Food & Drink, Alcohol Consumption, Travel Expenses, Entertainment, Sustenance and Policy development.
This session will particularly focus on Policy and Process to achieve FBT savings and best practice approach. It will highlight best practice process, common errors and dispel the many myths.
Webinar Learning Outcomes:
1. The steps to take in achieving real FBT savings
2. A clear understanding of the tax and accounting rules governing Entertainment Expenses.
3. Being able to distinguish between when food & drink (including alcohol) constitutes sustenance and when it constitutes entertainment subject to the FBT, GST and Income Tax rules
4. Developing a chart of accounts structure to streamline your Entertainment Expense process
5. Implementing an employee expense policy
6. An understanding of best practice process
7. Common errors and dispelling the many myths associated with Entertainment Expenses
Accountants, Accounts Payable and Finance Teams, Tax Accountants and HR personnel. All those tasked with managing or overseeing the provision of Entertainment and Entertainment Expenses. Suited to those in practice or corporate roles, from beginners to advanced.
Paul Mather is the Founder of FBT, Payroll & Salary Packaging Solutions, providing advisory and compliance services to a broad range of corporates, non-profits and Government organisations. Paul has over 25 years' experience specializing in FBT and employment taxes, and he is a current member of the ATO’s Small Business Liaison Group. Paul was a member of the former Australian Taxation Office National Tax Liaison Group (NTLG) Fringe Benefits Tax Subcommittee from 2005 to 2013.
You will be provided with:
• PowerPoint presentation slide deck
• Any Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
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