by Jerry Zhao | 18/May/2016 | 10 Things to Know, Payroll & FBT return
Take note business owners! The Australian Taxation Office is scrutinising the following areas regarding Fringe Benefits Tax 2016, and you don’t want to be caught unaware: Distinguish between travelling and living away from home An issue that often comes up is...
by Jerry Zhao | 10/Apr/2015 | Blog Accounting, Payroll & FBT return
As an employer, you must understand and your Fringe Benefit Tax (FBT) obligations to avoid significant penalties from the Australian Taxation Office (ATO). FBT is a tax paid by employers and it is separate from income tax. It is based on the taxable value of non-tax...
by Jerry Zhao | 26/Mar/2014 | Featured, Payroll & FBT return, Tax
It is the end of 2014 Fringe Benefit Tax year on 31 March 2014. As an employer, you must understand your FBT obligations to avoid significant penalties from the Australian Taxation Office. FBT is a tax paid by employers, separate from income tax, and based on the...
by Jerry Zhao | 5/Dec/2012 | Payroll & FBT return
The Government has announced changes to the FBT treatment of Living Away From Home benefits. What are the changes and what do they mean for you? In principle, employees should pay for their housing and food costs out of income that has already been taxed. That is how...
