FBT 2018: Key Exemptions Including Minor Benefits

Description

This webinar will cover the many FBT exemptions in the law. In particular, for each exemption we will:
• Describe the exemption
• Quantify the value of the exemption
• What are the requirements for claiming the exemption
• In what way or ways can the Employer provide benefits and claim the exemptions (Exempt benefits)
• What strategies work best with Exempt benefits
• What are the documentation or substantiation requirements
• What are the FBT reporting requirements

Webinar Learning Outcomes:
An understanding of the many FBT exemptions available, the criteria, how to implement and the reporting requirements. In particular we will focus on the following FBT exemptions:
• Motor vehicles
• Motor vehicle running costs
• Car Parking
• Small Business exemptions
• Loans
• Relocations – both temporary and permanent
• Living Away From Home
• Remote Area
• Entertainment
• On premises exemption
• Gifts
• Minor Benefits
• In-house reduction
• Long Service Awards
• Safety Awards
• Portable Electronic Devices
• Work related tools
• Employee health including Work Related Counselling and Work Related Preventative Counselling
• Care Workers
• Employers with exemptions

Suited to:
Those in practice or internal roles, from beginners to advanced. This webinar is a must attend for those responsible for managing FBT or the provision of benefits or policy setting, or managing tax compliance reporting for FBT, GST and income tax. This will include:
• Finance Managers
• Financial Accountants
• Accounts Payable personnel
• Tax agents and tax advisors
• Accountants in Public Practice
• Tax Accountants
• Tax Managers
• HR Managers
• Payroll Managers
• Fleet Managers
• Salary Packaging Managers

Presenter Bio: 
Paul Mather is the founder of FBT Solutions. Paul has over 25 years’ experience in FBT, Payroll and Salary Packaging in Australia & New Zealand helping businesses across all industry sectors meet their ongoing Employment Taxes, Payroll and Indirect Taxes obligations. In particular, Paul has significant hands on experience with Preparation, Review and ATO lodgment of Australian and New Zealand FBT returns. Prior to starting his own practice, Paul worked as an Employment Taxes Director at Ernst & Young in Sydney, and in New Zealand with BDO and PKF.

Paul is a Registered Tax Agent, a Chartered Tax Adviser and a Chartered Accountant. Paul holds a Bachelor of Business Studies from Massey University in New Zealand and a Master of Taxation from Sydney University. Paul is a member of the ATO’s Small Business Stewardship Group and was a member of the former ATO NTLG FBT-subcommittee Group 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

 

The FBT Law contains many exemptions to incentivise, reward, and provide tax-free benefits to Employees.

  • Webinar Recording
    • PD hours: 1.5
    Stream this recording multiple times at your convenience.
    • $220.00 incl. GST

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! You can watch it as many times as you like for up to 6 months. You will also receive Supporting Documentation.