FBT Planning Strategies for Small Businesses - March 2022 (3 Hours of CPD)

This masterclass is particularly relevant as a risk detection and management instrument in an environment where the ATO has commenced significant FBT audit and review activity over the last twelve months following the specific inclusion of FBT in its compliance focus.

The topics covered in this seminar will include:

• Overview of fringe benefits and how they are taxed
•  Recent changes affecting the 2020 FBT year, including car benefits and car parking, entertainment, relocation and LAFHA
•  Application of the otherwise deductible rule
• FBT and GST interaction
• Tips and traps for preparing FBT returns and compliance
• Contemporary salary packaging options
• Which benefits are reportable on payment summaries
• Maximising the benefits of salary packaging
• Using salary packaging to obtain exempt and concessional taxed fringe benefits
• Analysis of the required documentation and substantiation for salary packaging
• And much more...

What's Included?

• 90 Days of Recording Access (Unlimited Views) 
• Instant access to the recording and slides
• 3 hours of CPD + Certificate
  
• Included Q&A session