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Description
The ATO have signalled significant reform of the FBT car parking rules, together with increased FBT audit and compliance focus. This webinar will provide a detailed analysis of the new and existing FBT rules as they apply to car parking including alternate valuation methodologies and application of the concessions and exemptions.
Webinar Learning Outcomes:
1. A clear understanding of how to determine if an FBT liability for employer provided car parking exists;
2. The new ATO ruling and the detailed guidance contained in the revised Chapter 16 Employer Guide;
3. The ATO issue with market valuation method;
4. Recent ATO audit activity on car parking;
5. A process for identifying if taxable car parking is provided;
6. A detailed explanation of the 3 methods available for counting the number of car parking benefits;
7. A detailed explanation of the 3 methods available for valuing car parking benefits;
8. Key solutions for minimizing FBT liabilities; and
9. Common errors and dispelling the many myths associated with car parking & FBT.
Suited to:
This webinar is suited to those in practice or corporate roles, from beginners to advanced. As well as anyone involved in FBT reporting for car parking or those tasked with managing motor vehicles & employee parking from an operational or policy perspective. including:
• Tax agents and tax advisors
• Accountants in Public Practice
• Tax Accountants
• HR Personnel (from officers to General HR Managers)
• Payroll Accountants
• Payroll Managers and their teams
• Finance Managers
• Financial Accountants
• Management Accountants
• Tax Managers
• Fleet Managers
• Salary Packaging Managers