I regularly get asked the same questions, such as:
Is my Single Cab Ute / Double Cab Ute exempt from FBT? (probably not)
Is my car (that I use 100% for business) subject to FBT? (probably)
Do I need a Logbook? (highly recommended)
How many times can I claim the Minor Benefit Exemption? (fingers, no toes)
Are my coffee catch ups subject to FBT? (let’s grab a coffee, prefer beer, and discuss)
How do we work out if our car parking is subject to FBT? (we can help you)
Should we / our clients register for FBT? (highly recommended)
Do the ATO audit FBT? (yes they do)
One question that I get asked now and again (I guess you could say if flies a little under the radar – excuse the pun) is: Are my frequent flyer points subject to FBT or Income Tax?
The answer is: It Depends.
– How have you earned the points?
– Has there been or is there an arrangement in place?
– How can you use the points?
– How have you used the points?
– Have you read the ATO guidance?
Understanding how your employees might be earning points and how they (or mates or relatives) can use the points is a good starting point. Having a written policy is probably the next step. Or as they say in the industry – stay buckled up and always follow the crew instructions, just in case there’s some FBT turbulence ahead! hashtag#FBThashtag#pointshashtag#turbulencehashtag#frequentflyerhashtag#pointyendhashtag#flyingflat
Check out the schedule for our 2025 FBT Return Preparation Workshops. Australia, we’ve got you covered with 8 Full Day Face to Face Workshops and 2 Full Day Online Workshops, plus a Bonus Salary Packaging Webinar for all registrants.
1.Sydney: Tuesday 4 March 2025, Hilton Hotel – 488 George Street
2.ONLINE: Thursday 6 March 2025, At Your Computer
3.Parramatta: Tuesday 11 March 2025, Novotel – 350 Church Street
4.Canberra: Thursday 13 March 2025, Novotel – 65 Northbourne Ave
5.Brisbane: Tuesday 18 March 2025, Brisbane Hilton Hotel – 190 Elizabeth Street
6.Melbourne: Thursday 20 March 2025, Marriott Hotel – Corner Exhibition &, Lonsdale Streets
7.Perth: Tuesday 25 March 2025, Parmelia Hilton Hotel – 14 Mill Street
8.Adelaide: Thursday 27 March 2025, Adelaide Hilton Hotel – 233 Victoria Square
9.Sydney: Tuesday 1 April 2025, Hilton Hotel – 488 George Street
10.ONLINE: Thursday 3 April 2025, At Your Computer
Registration Opening Soon with First Release Tickets….
The registration page is now open for our 2024 FBT Training Roadshow. https://fbtsolutions.com.au/fbt-return-preparation-full-day-workshops/
With all the FBT and Salary Packaging changes over the past few years – our full day FBT Training Workshops will ensure your fully up to date and equipped to prepare (or review) your 2024 FBT Return and Employee Reportable Fringe Benefits amounts (RFBA’s).
We have two NEW key inclusions for 2024. All registrants will receive:
A copy of our NEW 2024 FBT Manager Tool; and
Complimentary registration to our 2024 Salary Packaging Essentials Webinar for a new year including FBT Year End reporting requirements
In-House FBT Training Sessions
Are you wanting (or needing) to understand the FBT challenges and risks specific to your organisation in detail?
We offer customised In-House FBT (and Salary Packaging) Training that focuses on your specific fringe benefit offerings, your systems, processes, policies, your industry and your people. We close the knowledge gap and ensure that everyone (Tax, Finance, Payroll, HR / Recruitment, Fleet Managers) is on the same page.
Here is a high level explanation of our approach to Customised In-House FBT & Salary Packaging Training:
1. Introductory & Planning call to understand the organisation and current / future fringe benefits offerings, agree the content, duration / mode of delivery, understand the likely attendees (their roles and experience levels) and the logistics of the training
2. Identify the key areas for the training – for some organisations they may want a focus on Motor Vehicles, Employee Expenses and Entertainment, for others a focus may be needed on Remote Area Benefits or Car Parking. Some may prefer a focus on current Salary Packaging and future Salary Packaging opportunities – each In-House session is specifically tailored to your needs.
3. Depending on the analysis of the above and the specific training content required, we usually request a copy of the most recently lodged FBT Return and Workpapers, copies of Policies, copy of the Expense Claim format and anything else that will give us a thorough understanding of your existing Fringe Benefits and Salary Packaging arrangements.
4. Our Customised In-House training is Workshop style –we recommend allowing plenty of time for questions and discussion.
In-house training is suitable for all employers – Corporates, Not for Profits, Councils, Government, and Accounting firms.
If you would like to find out more about Customised In-House Training, please register your expression of interest by clicking on this link: https://form.jotform.com/232998509369880
