TaxEd FBT Roadshow Face to face: Darwin 2021

Note to our clients: This session has been diverted to an online format due to ongoing COVID-19 restrictions. We will contact each registrant to confirm if they would like to move forward with our online alternative or a full refund.

Please find our COVID-19 policy here.

Overview:

What a year it has been for employers, employees, and the community in general! Join us for our 2021 FBT Roadshow, where we will cover key issues that are relevant to Government and NFP employers when preparing the 2021 FBT return.   We will use examples based on the best of the FBT issues raised in the TaxEd Q&A service, which produce a treasure trove of real life Government and NFP FBT issues.  

Who should attend? 

• Staff responsible for FBT return preparation 

This workshop is suitable for all levels of FBT experience but a basic understanding of FBT is beneficial.

What can you expect from this session?

• A practical and interactive session focused solely on FBT issues faced by Government and NFPs 
• A private 1 hour Q&A session with your presenters (we will contact each org to schedule on an individual basis)
• Comprehensive training materials

All materials will be provided electronically prior to the session.  

CPD Points: 5

What will the session cover?

• FBT and COVID-19

Working from home, home garaging of work cars and changed driving patterns , COVID-19 testing and quarantine related issues, meal entertainment, salary packaging, etc.………full coverage of the specific FBT concessions relevant  the impact of the virus and benefits provided.  

• Recent announcements

What's changed or changing? FBT exemption for retraining and reskilling employees, reducing the compliance cost of FBT record keeping, increasing access to small business entity concessions.   

• Entertainment 

What is it and when is it subject to FBT? Using a variety of common examples, we will explore the FBT rules for entertainment type scenarios to make sure you are getting it right  

• Cars and motor vehicles 

We'll explore all the FBT issues regarding business and private travel, on -call employees, tool of trade vehicles, logbook issues and more, including the impact of COVID-19.  

• Work travel or Living Away from Home?

Draft Taxation Rulings TR 2017/D6 & TR 2019/D7 – where are we at?  

• Car Parking 

We'll do an in-depth review of changes to the ATO’s FBT treatment of car parking   

• The minor benefits exemption – what can be exempt?

• Exempt work-related items

Smart watches/ Portable headphones and ear buds for staff working from home – exempt?  

• FBT compliance tips and traps

• Reportable Fringe Benefits

Getting disclosures right including dealing with the ‘pooled car’ exclusion and when it applies

• Remote area fringe benefits? An update on proposed changes