2025 FBT Return Preparation – Full Day Workshops (REGISTRATION OPEN)
The ATO are targeting the low hanging fruit!
Low hanging fruit = Employers who are not registered for FBT, but who own / lease Motor Vehicles.
We have been helping a number of “low hanging fruit” employers navigate FBT Audits. The results are not good.
If you have not maintained Logbooks, then FBT is payable based on 20% of the Cost of the vehicle.
The grossed up value of the vehicle fringe benefit is also reportable on the employees Income Statement.
If you are in business, own or lease motor vehicles and not registered for FBT, then you are on the ATO’s radar.
If you have any concerns or would like to discuss, please contact me on 02 8114 4421 or email paul.mather@fbtsolutions.com.au
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 ATO’s new ruling on Car Parking and FBT TR2021/2 has been released to reflect contemporary commercial car parking arrangements and legal developments including the Federal Court decisions in Commissioner of Taxation v Qantas Airways Ltd [2014] FCAFC 168 and Virgin Blue Airlines Pty Ltd v Commissioner of Taxation [2010] FCAFC 137.
The ruling has simplified (and broadened) the definition of what constitutes a commercial parking station for the purpose of assessing and calculating FBT liability for car parking.
Practically, car parking stations at shopping centres, hospitals, hotels and the like that were previously not considered commercial for the threshold and valuation tests, are now considered to be commercial car parking stations.
If you are unsure of your car parking FBT obligations, we suggest that you consider further sooner rather than later – the new rules commenced back on 1 April 2022 and will need to be considered in your 2023 FBT Return.
Whilst the definition of what is a commercial parking station is now easier to understand, it will create more headaches for employers. Let us be the panadol to your car parking headache and request a no obligation fee quote to do the heavy lifting for you: https://form.jotform.co/80218922354859
