2021 FBT Return Preparation – Full Day Workshops

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2021 FBT Return Preparation Full Day Workshops

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What can you expect?

A comprehensive update on the Fringe Benefits Tax (FBT) changes for 2021 and 2021 FBT Return Preparation, including:

• Recent law and ATO changes
• The $1 billion FBT gap and how the ATO intends to close the FBT gap
• COVID changes, challenges and ATO FBT initiatives
• Overview including Type 1 and Type 2 benefits and employee contributions
• How to prepare the 2021 FBT Return form
• Special rules for Exempt and Rebatable Employers
• Motor vehicles valuation using either statutory formula method and operating cost or logbook method
• Motor vehicle exemptions
• Car parking benefits including new ATO guidance
• Meal Entertainment, Recreational Entertainment and Entertainment Facility Leasing
• Tax Exempt Body Entertainment
• Temporary and Permanent Relocations / LAFHA v Travel / Remote Area / Expatriates
• Expense Payments, Property benefits, Residual benefits
• Exemptions and Concessions
• ATO audit activity and how to avoid an FBT audit
• Employer elections and declarations
• Employee declarations
• Employee reportable fringe benefits amounts (RFBA)
• Post Lodgment requirements

You will receive guidance on how to prepare the 2021 FBT return and:

• Learn how to identify and value all benefits
• Work through the valuation methodologies for all benefit categories including Cars, Car Parking, Entertainment, Temporary & Permanent Relocations, Living Away From Home, Remote Area, Employee Expenses and Property
• Gain an understanding of the key documentation requirements for claiming reductions, concessions and exemptions
• How to avoid the most common mistakes that organisations make
• Discover ways that you can achieve real savings and reduce the tax liability for your organisation

Attendees will be provided with:

• Access to two highly experienced FBT practitioners and FBT trainers
• A detailed 2021 FBT Technical Manual
• Our 2021 FBT Planner Checklist
• Our 2021 FBT Essentials Checklist
• An attendance certificate for CPD/CPE purposes (7.5 hours)
• Lunch, morning & afternoon tea
• Opportunities to network with your peers and fellow FBT-preparers over lunch

Registrants also receive the following special offers:

1. Free access to the FBT Query service until 30 June 2021 – the sooner you register, the sooner you’ll have access to this valuable service from FBT Solutions
2. Special discount offer on FBT Preparation Software (a discount code will be provided after registration)
3. A free Fleet and FBT optimisation review
4. A free Salary Packaging review
5. Preferential pricing for the FBT Solutions car parking valuation service

Who should attend?

All personnel involved in the preparation or review of the 2021 FBT return or 2021 reportable fringe benefits amounts, whether new to FBT or those requiring refresher training. This includes Tax Practitioners and Advisers, Tax Managers, Tax Accountants, Financial Accountants, Payroll Managers and Staff, Salary Packaging Managers, Fleet Managers, HR Managers and their teams.

Registration commences at 8.30am for a 9am start and concludes at 4.30pm.

About our presenters – experienced FBT practitioners and trainers 

Paul Mather – founder of FBT Solutions

With over 20 years hands on practical FBT experience, Paul has prepared, reviewed and lodged thousands of FBT returns – he has an incredible depth of practical and technical knowledge to share.

Paul has delivered hundreds of FBT training sessions across all industry groups and in a variety of formats. Paul is a member of the ATO’s FBT Working Group and has plenty of ATO insight to also share.  

Peter Adams

Peter is a vastly experienced tax practitioner having held senior tax positions with KPMG, PWC, BNP-Paribas and Chase Manhattan, 

Peter is a captivating and sought after public speaker, regularly talking at professional association events about current tax issues.

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