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
I recently hosted a webinar “Let’s Talk FBT with the ATO” – in this webinar the ATO provided insight to their approach to FBT, ranging from helping employers through to common mistakes and misunderstandings.
If your new to FBT (or a bit stale on the latest FBT rules) or not sure about your own FBT obligations or your clients FBT obligations, I highly recommend you invest the time (90 minutes) to watch this webinar recording – it’s free. (Link to recording is below.)
A big thank you to Jennifer Madigan and her team from the ATO for an insightful and well received FBT presentation.
Please copy the following link to your browser to access the recording: https://attendee.gotowebinar.com/recording/6113213623244542722
The definition of a Commercial Car Parking Station has broadened…we are all aware of the “big name” Commercial Parking Station operators, but from 1 April 2022 – the definition has been broadened significantly.
Is the parking provided within 1 kilometre of a:
Shopping Centre
Hospital
University
Hotel
Airport
Council
Pay and Display
Understand if your locations are caught by the new rules. We can help you assess exposure & cost.
TIME TO ASSESS YOUR LIABILITY TO FBT – CHECK OUT THE 2023 CAR PARKING HOT SPOT LOCATIONS:
There has never been a better time to engage with your clients (and new clients) in relation to FBT. The ATO want Tax Practitioners to engage with their clients on FBT.
Some startling facts that highlight the risk for Small Business Employers – and the opportunity for Tax Practitioners:
There are 900,000 active employers in Australia – 80% have tax practitioners, 12% (108,000) are registered for FBT, 50% (54,000) are small business
180,000 active employers are not supported by a tax practitioner
792,000 active employers are not FBT registered – most, if not all, are small business – failure to register means there is no ATO FBT audit time limit
The facts don’t lie. The ATO want to remove the registration / compliance blockers that exist for Small Business Employers and their Tax Practitioners.
When an Employer owns or leases, even a small number of motor vehicles (and has not considered FBT previously), the FBT liability exposure can quickly run in to tens of thousands dollars or even hundreds of thousands dollars over multiple FBT years – plus penalties, interest and FTL. We are seeing ATO FBT Auditors requiring FBT Returns to be lodged going back 3 to 4 years.
