Podcasts about fringe benefits tax

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As a small business owner, maximising tax deductions is always a priority and one area that often causes confusion is motor vehicle expenses. Can you put your car expenses through your business? Should you buy a car in your business name or your personal name? What method should you use to calculate your business related car expenses? In this episode, I delve into these questions and more to help you make informed decisions about expensing your motor vehicle costs through your business.​I explain the criteria that businesses must adhere to when claiming tax deductions and how this changes depending on your business structure. Diving into more detail, I explain both the Cents per Kilometer and Logbook Methods for recording business travel and when these methods are applicable. It's important to note that travel from your home to work and back again is not considered business travel and therefore cannot be claimed as a business expense.Motor vehicle allowances are complicated, even for numbers folks like me so I encourage you to get some help setting this up in your payroll system. I share some important information to keep in mind before purchasing a car and what to keep in mind so that you don't end up with a hefty Fringe Benefits Tax bill. LINKS:Register your interest in the Bookkeeping it Real Mentoring Program here.Where to Find Bec:Website:https://straightupbookkeeping.com.au/ Instagram: @straightup_bookkeepingFacebook: @straightupbookkeepingLinkedIn: @straight-up-bookkeeping

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Cần lưu ý gì về thuế phụ bổng (Fringe Benefits Tax) khi tổ chức tiệc công ty cuối năm hoặc tặng thưởng cho nhân viên? Những trường hợp nào được miễn thuế phụ bổng, hoặc được xin khấu trừ thuế?

Welcome to episode 43 of The Numbers Game. On today's episode, we chat about Warren Buffets' mastery, explain Fringe Benefits Tax, and go through the Trust distribution rule changes. We talk through when you should create a bucket company and Nick's favourite tax minimisation strategy.On this episode, we discuss:Reading The Play:Warren Buffet has done it againSports memorabilia purchase disasterWhite label banksLosing it:Superannuation contribution tax deduction mistake1 Percenters:  Accrual method vs cash accountingFringe Benefits Tax explainedTrust  distribution rule changesWhen should you create a bucket company?Bucket company tax implicationsTax planningSend us an email: hello@thenumbersgamepodcast.com.auThe Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:Nick ReillyJason RobinsonMartin Vidakovic

Thuế phụ bổng (Fringe Benefits Tax) là gì? Những phúc lợi nào cho nhân viên sẽ phải chịu thuế phụ bổng? Và cần phải lưu ý những gì khi mua xe dưới tên công ty?

In this episode of Tax Yak, Nicole Rowan chats with Michael Carruthers from the Knowledge Shop and Lee-Ann Hayes from TaxBanter about Fringe Benefits Tax (FBT). With the end of the FBT year approaching, we're checking in on the tax and reporting obligations of employers when they provide fringe benefits to their employees and we'll also be catching up on changes in the FBT space.

Giáng Sinh sắp đến đồng nghĩa với các buổi tiệc cuối năm và quà tặng Giáng Sinh chiếm một khoản phí tổn không nhỏ trong ngân sách doanh nghiệp. Tuy nhiên, khi tổ chức tiệc cuối năm hoặc tặng quà cho nhân viên, có thể bạn sẽ suy nghĩ liệu khoản chi phí này có được khấu trừ thuế hay không, thậm chí khoản chi phí này có thuộc danh mục bị đóng thuế hay không. Ở Úc có một loại thuế gọi là thuế phụ bổng Fringe Benefits Tax, thuế này áp dụng ra sao với các bữa tiệc Giáng Sinh và tổ chức tiệc cho nhân viên như thế nào để không bị đóng thuế phụ bổng?

If you're a business owner you've probably wondered what is fringe benefits tax at some point. In this episode I explain in depth exactly what fringe benefits tax is and how the fringe benefits tax in Australia works.In order to understand fringe benefits tax you first need to understand exactly what is a fringe benefit. Fringe benefits are a non monetary benefit that an employer uses to go over and above for their staff (essentially). It's a way of incentivising, rewarding or thanking without adding to their current income and thereby creating more business and income tax.In this episode I also want to show you how fringe benefits tax and not-for-profits are often overlooked but potentially beneficial to you as a not for profit. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/

Nick Hill takes the boring out of accounting with the basics, no-bull truth about FBT- and why you need to be aware of it. 

What the heck is Fringe Benefits Tax (FBT)? Scott Young from Altus Financial knows, let's ask him! In this episode Glen brings your questions to Scott, touching on:

This is a great chat - practical, personal, nostalgic, hopeful and human. When thinking about the future, it's great to get some perspective from the past. Veteran hospitality owner Adam Sadiqzai innovated his way through the pandemic and has come out more or less positive about the prospects for Australian restaurants. His new eatery, Stella's Kitchen at Montague apple farm on Melbourne's fringe is the model of a flexible forward-looking multi-pronged operation. We also look back: Adam grew up in Melbourne restaurants from the 1960s; he weathered the 1980s recession, the end of Fringe Benefits Tax and the introduction of GST. He's seen the demise of silver service but wonders if there might yet be a place for cloches and waiter brigades. Dirty Linen says 'yes, please!'https://www.khanshospitalityservices.com.au/Follow Dirty Linen on Instagramhttps://www.instagram.com/deepintheweedspodcast/?hl=enFollow Danihttps://www.instagram.com/danivalentFollow Deep In The Weeds on Instagramhttps://www.instagram.com/deepintheweedspodcast/?hl=enFollow Rob Locke (Executive Producer)https://www.instagram.com/foodwinedine/Follow Huck (Executive Producer)https://www.instagram.com/huckstergram/

Guy Grossi, chef and owner of Grossi Florentino, says it "makes absolutely logical sense". See omnystudio.com/listener for privacy information.

There are a range of things being spoken about regarding the Budget and one of those has been the Fringe Benefits Tax. Lisa and Tom unravel some of this stuff as they look more closely aspects of FBT and other issues kicking around. See acast.com/privacy for privacy and opt-out information.

Australia's Small Business and Family Enterprise Ombudsman Kate Carnell is proposing to abolish Fringe Benefits Tax for two years, to help Small and Medium Enterprises in two ways: First, it would remove a compliance burden placed which bigger businesses are able to navigate much more easily. And second, they would benefit from increased sales as their customers wouldn't have to pay the tax on products and services they provide, and might therefore buy more. RIABU's Simon Littlewood and Mark Laudi debate the effectiveness of such a cut. Here is the release mentioned in the podcast: https://www.asbfeo.gov.au/news/news-articles/axe-fringe-benefits-tax-stimulate-cash-flow-ombudsman

Thousands of Australians lost their job this week - Qantas shed 6000 workers and Woolworths will cut 1,350. If you're lucky enough to still have a job, wages growth is forecast to collapse to almost zero according to ANZ Research. Also, how the hospitality sector is surviving the downturn. In addition to an extension of Job Keeper program, the industry wants the removal of the Fringe Benefits Tax on restaurant meals to revitalise CBD dining.Guests: Wes Lambert, CEO, Restaurant & Catering Industry AssociationCatherine Birch, Senior Economist, ANZ Lianna, Salad Days CaféDarren Khan, Area Manager, Mantle GroupJohn Gambaro, Director, Gambaro Group

In this episode, we discusssed COVID-19 Government Support measures and fringe benefits tax. . Hosted by : Director of Business Concepts Group, Financial Planner and Accountant

Small Biz Matters – a half hour program each week where you can work ON your business rather than IN it.with Alexi Boyd, broadcaster, advocate and small business owner.Date: 3 December 2019 Superannuation - firstly it’s not your money and secondly if you get it right; there’s no need for us to get involved. That’s the message the ATO is trying to get across to small business. If you pay the correct amount, to the right place, at the right time... there’s nothing to worry about. But if you miss the deadline or the you haven’t checked all the details then the headache isn’t worth it. Are you aware of the deadlines and what that means for super payments? Did you know you still need to meet those deadlines if you’re an employee? Did you know your payment is late if it bounces back? Super doesn’t have to be an administrative headache if you know what your obligations are. Plus there’s plenty of places to get help, advice and support small business it’s just a matter of knowing where to look The when, the how and the what of super obligations for small business is all explained in this interview with the Alexi Boyd from Small Biz Matters and John Ford, the Assistant Commissioner for Risk & Strategy - Employer Obligations at the Australian Tax Office. Welcome to the show John. Topics we’ll be covering: Can you give us an overview of super for employers? What is super and why does it exist The SG super is actually just about the relationship between employer & employee and there is no need for ATO to be involved until things unravel Why do we have super guarantee, retirement income and live a healthy lifestyle I see that you have developed an easy six step checklist to make sure employers have their SG sorted. Can you take me through the six steps? Check you’re paying super to all eligible workers Employee SG super, when you start paying super, how it‘s calculated & what constitutes super applicable ordinary time earnings. When ATO gets involved it becomes all Salary & wages Check you’re paying the right amount check your calculations & systems for 9.5% if you’re still using old spreadsheets Check you’re paying on time deadlines, time lag between authorising the payment & clearing house making payment & when the money actually hits the super fund Check you’re paying to the right place details are all correct, processing with inducting employees & making sure the super choice form completed (due diligence) Discussion - Is this the same as the letter from your super fund? Gathering the right info from employees Check you’re paying the right way – what is a clearing house? What does the ATO provide as an alternative? (ATO SBSCH) Check you’re keeping accurate records what constitutes accurate reporting? STP Most employers do the right thing, but there are always those few that do not. What is the ATO doing to level the playing field? Link to STP data and why it’s in place? Employer payment amount and times vs what the super fund. Chat about the data coming from Super funds – is it solid? What impact does 4-5 days late every quarter have on the long term retirement income. A number of changes aimed at protecting employees' superannuation entitlements have recently become law. Can you tell us more about this? Talk to recent changes. About John Ford: John Ford is an Assistant Commissioner, who has been has been with the ATO since 1998.  He has held senior roles in a number of business lines including Superannuation, Private Groups and High Wealth Individuals, Goods and Services Tax, and Small Business. John is currently the leader of the ATO’s Risk and Strategy – Employer obligations portfolio.  In this role he is responsible for the ATO’s approach to ensuring that employers are engaged with meeting their Superannuation Guarantee, Fringe Benefits Tax and Pay as You Go Withholding obligations.  A key component that John is seeking from the work he leads is to be increasingly driven and transparent in what the ATO is seeing and how the ATO intends to respond to help employers to meet their obligations.  To find out more go to their website: Resources Super guarantee employer obligations course - https://www.ato.gov.au/Business/Super-for-employers/Working-out-if-you-have-to-pay-super/Super-guarantee-employer-obligations-course/ Brochure - ‘Paying super is an important part of being an employer’ https://www.ato.gov.au/superquickcheck Video - https://www.ato.gov.au/Business/Super-for-employers/ Super guarantee client health check - https://www.ato.gov.au/business/super-for-employers/in-detail/super-guarantee-client-health-check/ Tools and Calculators To work out who you have to pay use the Super Guarantee Eligibility Tool Some contractors, even if they have their own ABN may be eligible for super. To check, use the Employee/Contractor Decision Tool To work out how much super you must contribute for your eligible workers use the Superannuation guarantee (SG) contributions calculator

Salary Sacrifice HackSubscribe: https://goo.gl/vvWZTwDISCLAIMER: This Podcast is for general knowledge and entertainment purposes only and should not be considered as financial advice. You should research before making decisions. If you are unsure, you should contact a qualified financial advisor before making decisions.Correction: * The Salary Sacrifice date ends on the 31st March each year *Superannuation Account: https://youtu.be/Y2_V23Tmja8Salary sacrificing helps you to increase your retirement savings and at the same time reduces your tax payable.The greater your salary the better the tax saving you will receive from salary sacrificing.

FBT can be complicated and confusing. Claire Thornett of WLF will give you a comprehensive overview of the FBT system in Australia.

FBT can be complicated and confusing. Claire Thornett of WLF will give you a comprehensive overview of the FBT system in Australia.

In our latest episode, we discuss 2017 Fringe Benefits Tax Year End Hosted by : Director of Business Concepts Group, Financial Planner and Accountant

Discussion including Fringe Benefits Tax. Hosted by : Director of Business Concepts Group, Financial Planner and Accountant