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Description
A detailed analysis of the FBT rules as they apply to motor vehicles and car parking including alternate valuation methodologies and application of the concessions and exemptions.
In this webinar we will focus on the key FBT rules, areas of risk for motor vehicles, and ways to reduce an employer’s FBT cost.
We will cover the current areas of ATO concern and consultation including safe harbor rules for logbook, pooled cars, claiming exemption and car parking market valuation.
Attendees will be given an understanding of the key areas to focus on for managing FBT, fleet planning strategies and policy implementation.
Paul will highlight the common errors and dispel the many myths.
The FBT car parking rules are complex and require careful consideration to ensure compliance and to maximise savings.
This webinar will provide you with a clear understanding of the rules governing car parking fringe benefits, the steps required to ensure compliance and strategies to minimise FBT liabilities.
Webinar Learning Outcomes:
In relation to cars, attendees will be provided with:
1. A clear understanding of the FBT implications for Novated Leases, Operating Leases and Associate Leases;
2. A clear understanding of the current motor vehicle FBT rules as they apply to cars, pooled vehicles, utility vehicles and tool of trade vehicles – both under 1 tonne and over 1 tonne;
3. Particular focus on the new safe harbour rules as announced in PCG 2018/3;
4. An analysis of the statutory formula method and operating cost method;
5. An explanation of the requirements for a valid logbook;
6. Logbooks, who’s at risk and why;
7. Analysis of the current areas of ATO audit focus; and
8. A summary of the common errors and dispel the many myths.
In relation to car parking, attendees will be provided with:
1. A clear understanding of how to determine if an FBT liability for employer provided car parking exists;
2. A process for identifying if taxable car parking is provided;
3. A detailed explanation of the 3 me