With the new LAFH laws now in place, many employers are not aware of the potential FBT liability on excess accommodation allowances. Even if the transitional rules apply, FBT may still be payable
From 1 October 2012 the definition of a reasonable accommodation allowance has effectively been removed and the exemption applies up to the actual rental cost only. To an extent this aligns the rules for claiming an accommodation exemption with claiming an exemption for food.
With changes to the LAFH & relocation rules, ongoing reform of cars and removal of the concession for salary packaged in-house benefits, together with an increased ATO focus, attending one of our 2013 FBT return preparation seminars is an absolute must do. Our 2013 FBT return preparation seminars will be practical, cover the important law changes, and how these will impact on your 2013 FBT returns.
We will work through the identification and valuation of all benefit categories, and explain what information and documentation is required to claim an exemption, concession or a reduction.
We are holding three full day FBT return preparation seminars in March 2013. Spaces are limited to maximise learning. The dates, locations and registration links are as follows:
Melbourne, Thursday 14 March – Register online here: http://www.cvent.com/d/dcqx6v/1Q
Sydney, Wednesday 20 March – Register online here: http://www.cvent.com/d/dcqx6v/1Q
Brisbane, Wednesday 27 March – Register online here: http://www.cvent.com/d/dcqx6v/1Q
Alternatively, download and print out the registration form here: http://www.fbtsolutions.com.au/pdf/fbt_return2013_seminar.pdf
Early bird – register by 25 January and you only pay $550 including GST.
On time bird – after 25 January, you pay $660 including GST.
Loyal bird – if you or one of your colleagues has previously attended any of our seminars, reduce the applicable fee for each attendee by $55 – that’s our way of saying thank you for your loyalty.