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In case you missed it – The company tax Bill that did pass Parliament.
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Update of Australia's vital statistics
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ATO speaks on risk factors, surveillance triggers for FY19
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ATO’s corporate residency guidance cops backlash
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ATO dispels top tax time myths to clients as clampdown rolls out
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Tools for budgeting, cash flow, Super and more ….
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Guidance for SMSFs on transfer balance reporting
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ATO issues alert on super, tax scams
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Salary sacrifice integrity
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Understanding the evolution of blockchain and cryptocurrencies
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Update to Australia's vital statistics
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Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
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SMSFs - Our 'hardest' jobs
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Tax Office reveals adventurous, dubious claims ahead of tax time
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ATO reveals top tax time mistakes, set to contact 1 million taxpayers
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Watch out for charges with incoming GST laws.
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Super savings gap for women stuck at 30%
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‘Wipe the slate clean’: Clients, accountants urged to use new amnesty period
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Statistics for all Australians
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Touch Payroll (STP)
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‘Calm before the storm’: Government proposes 12-month SG amnesty
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Government intensifies cash payments crackdown - Kelly O'Dwyer
Article archive
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Quarter 2 April - June 2018
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 2 April - June 2017
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Quarter 1 January - March 2017
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Quarter 4 October - December 2016
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Quarter 3 July - September 2016
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Quarter 2 April - June 2016
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Quarter 1 January - March 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
FBT Reminder – Odometer Reading

Anybody who has a Fringe Benefits Tax obligation should take an odometer reading of motor vehicles.

       
 
This reading is one of the annual requirements of the logbook method of fringe benefits calculations for the Fringe Benefits Tax period ending 31st March 2018.
 
If you are not sure if you have an obligation, it will only take a few minutes, so just do it!
 
Remember also that there are quite a few types of FBT and that FBT law includes various categories of fringe benefits and specific valuation rules for each category. The list below outlines what needs to be considered.
 
You will need to pay FBT even if the benefit is provided to an associate of your employee or by a third party under an arrangement with you.
 
Benefits that attract FBT are:
  • Car fringe benefits
  • Car parking fringe benefits
  • Entertainment and fringe benefits
  • Expense payment fringe benefits
  • Loan fringe benefits
  • Debt waiver fringe benefits
  • Housing fringe benefits
  • Board fringe benefits
  • Living away from home allowance fringe benefits
  • Property fringe benefits (including property, goods or shares)
  • Residual fringe benefits (benefits not covered by the above categories)

 

 

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