COVID challenges and FBT strategies on Motor Vehicles, Car Parking and E-bikes

Description

Cars and car parking are significant fringe benefit categories and both have high levels of risk for employers. Current and recent ATO focus, including FBT audits, together with changing rules has created much uncertainty.

In this webinar we will cover in detail:

  • The FBT rules relating to Cars, Car Parking and E-bikes;
  • The key FBT risk areas
  • Why the ATO have introduced the Safe Harbour measures for Tool of Trade and Work Related Vehicles
  • Why the ATO have been conducting FBT audits on employers providing car parking and valuing those car parking benefits using market valuation method
  • An introduction to E-bikes in the workplace
  • Case studies and practical examples will be included
  • ATO COVID measures for Cars and Car Parking

Learning Outcomes:
In relation to cars, attendees will be provided with:

  • A clear understanding of the FBT implications for Novated Leases, Operating Leases and Associate Leases;
  • A clear understanding of the current motor vehicle FBT rules as they apply to cars, pooled vehicles, utility vehicles and tool of trade vehicles – both under 1 tonne and over 1 tonne;
  • Particular focus on the safe harbour rules as announced in PCG 2018/3;
  • An analysis of the statutory formula method and operating cost method;
  • An explanation of the requirements for a valid logbook;
  • Logbooks, who’s at risk and why;
  • COVID issues with private use of cars and validity of logbooks;
  • Analysis of the current areas of ATO audit focus; and 
  • A summary of the common errors and dispel the many myths.

In relation to car parking, attendees will be provided with:

  • A clear understanding of how to determine if an FBT liability for employer provided car parking exists;
  • A process for identifying if taxable car parking is provided;
  • COVID issues for FBT on car parking;
  • A detailed explanation of the 3 methods available for counting the number of car parking benefits;
  • A detailed explanation of the 3 methods available for valuing car parking benefits;
  • Key solutions for minimizing FBT liabilities;
  • The ATO issue with market valuation method;
  • The ATO’s current reform agenda on car parking and their new view expressed in TR2019/D5; and
  • Common errors and dispelling the many myths associated with car parking & FBT.

 In relation to E-bikes, attendees will be provided with:

  • A clear understanding of how to determine if a FBT liability exists when an employer provides a E-bikes;
  • The different FBT valuation rules for E-bikes

Suited to:
This webinar is suited to those in practice, corporate roles, from beginners to advanced, including accountants, tax accountants, human resources personnel, payroll teams, fleet managers and salary packaging managers.

Presenter Bio:
Paul Mather, Director, FBT Salary Packaging Solutions.
Paul is an accomplished tax practitioner and trainer with over 25 years’ experience. Most recently, Paul has over 10 years’ experience running his own practice specialising in FBT & Salary Packaging. Prior to that, Paul was with EY specializing in Employment Taxes and Indirect Taxes.

Paul is a current member of the ATO’s FBT Working Group representing the Salary Packaging industry. Paul was a member of the former ATO’s National Tax Liaison Group (NTLG) Fringe Benefits Tax Subcommittee from 2005 to 2013.

You will also be provided with: 

  • The PowerPoint Presentation Slide Deck
  • Any Supporting Documentation
  • Webinar Recording to view multiple times for up to 6 months
  • Q&A Session & follow up contact details

  • Oct 29
    Thu, 1:00 PM AEDT - 2:30 PM AEDT Online
    • $220.00 incl. GST
    • PD hours: 1.5

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One-Connection-One-Fee

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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.