FBT Roadshow Online | FBT: The Unprecedented Year That Was!

What a year it has been for employers, employees, and the community in general! Join us for our 2021 FBT Roadshow webinar, 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.

What will the session cover?

• FBT and COVID-19

Working from home, home garaging of work cars and changed driving patterns and issues for logbooks/business use %'s, COVID-19 testing and quarantine-related issues, meal entertainment, salary packaging, etc. Full coverage of the specific FBT concessions relevant to 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' FBT concessions.

• Car Parking

Be aware of proposed changes commencing 1 April 2021.

• Work travel or Living Away from Home?

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

• Exempt work-related items recent ATO rulings

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

• 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 including claiming the correct amount of GST credits

• Cars and motor vehicles

We will 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.

Who should attend?

• Staff responsible for FBT return preparation
• Staff wanting to update and/or increase their current FBT knowledge

This webinar 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 webinar focused solely on FBT issues faced by Government and NFPs
• Comprehensive training materials

All materials will be provided electronically prior to the session.

CPD Points: 3

Presenters

Michael Doran TaxEd Director & Technical Panel

Rob Power TaxEd Director & Technical Panel