FBT 2018: Cars and Entertainment FBT issues for Government and NFPs
A practical session providing a refresher for all FBT issues relating to cars & entertainment.
During the session we will explore the best of the cars and entertainment FBT issues raised in the TaxEd Q&A service. This will be a treasure trove of real life Government and NFP FBT car and entertainment scenarios.
Issues to be explored include:Cars
- Identifying when a benefit exists
- Work related travel - implications for business use of the revised ATO guidelines
- Private use issues
- Operating cost valuation issues
- Statutory formula valuation issue
- Novated lease and residual value issues
- Work horse vehicle issues - always FBT exempt?
- Log book issues including new Log Book safe harbour rules for Fleet cars
- Issues with Pooled cars
- Identifying entertainment in common Government and NFP scenarios
- Entertainment - implications of the revised ATO guidelines regarding what is work related travel
- Revisiting the Meal entertainment and entertainment facility leasing changes?
- Treatment and issues with tax exempt body entertainment - is it really entertainment?
- Identification and treatment of non-entertainment
- When can the minor benefit exemption be used for entertainment expenditure?
- Other exemptions for entertainment
- Travel and conference issues
Who should attend?
- Staff responsible for FBT return preparation
- Staff with a working knowledge of FBT rules re cars & entertainment
What you can expect from the session?
- Coverage of key car and entertainment issues faced by Government and NFP employers
- 1 hour
TaxEd Director & Technical Panel
Can't make this session at the scheduled time?
A recording of this session is available. Simply choose the recording option when registering for this session. An email with a link to view the recording will be sent within approximately 48 hours of the live session.
How does it work?
Recordings can be viewed twice. You can fast forward, rewind or pause the playback at anytime. If you stop playback this will count as a view.