Upcoming Seminars and Webinars

Upcoming Webinars and Seminars

Fringe Benefits Tax (Cars and Motor Vehicles Only) 2025

Wednesday 11 December 2024

Concise 3 Hour Webinar (Plus extra time for questions)

Many employers only need to know about FBT on cars and other types of motor vehicles. This webinar covers those aspects of FBT without needing to address the whole gamut of fringe benefits.

Statutory formula and operating cost methods are addressed, along with novated leasing, commercial and exempt type vehicles, record keeping and a bit on salary packaging. Course notes are provided.

NSW/Victoria/Tas/ACT:

11.00 am - 2.00 pm

South Australia:

10.30 am - 1.30 pm

Western Australia:

8.00 am - 11.00 am

Queensland:

10.00 am - 1.00 pm

Northern Territory:

9.30 am - 12.30 pm

FRINGE BENEFITS TAX 2025 (CARS AND MOTOR VEHICLES ONLY)

Wednesday 11 December 2024

Webinar Agenda

Car and Non-Car Fringe Benefits

Difference Between Cars, Exempt Cars and Non-Cars

Requirement for Cars to be Held by the Employer

Car Fringe Benefits Versus Residual Fringe Benefits

Statutory Formula Method

Meaning of Base Value: Cars Owned or Leased

The Four-Year Rule Reducing the Base Value

Novated Leases Brought in from Another Employer

Days of Private Use (Kms are Irrelevant)

Operating Cost Method

Calculating Car Expenses – Cars Owned or Leased

Matching Car Expenses with the FBT Year

Declarations, Logbooks, Car Records

Meaning of a Business Trip for Logbook Purposes

Employee After Tax Contributions

Why Make After Tax Contributions? Tax Arbitrage

Employee Contributions Made After 31 March

Difference Between Pre and Post Tax Contributions

Click on Details Times & Fees (above) for more information.

Work-Related Cars and Exemptions That Can Apply

Definition of Commercial Type Vehicles

Exemption for Work Related Travel

Non-Audits for Minor Private Use (As Defined by the ATO)

Exemption: Zero or Low Emissions Vehicles

Various Motor Vehicle Leasing Arrangements

Lease and Sub-Lease Arrangements

Novated Leases, Associate Leases, "Otherwise Available"

Salary Packaging of Motor Vehicles

Should the Employer Buy the Employee's Packaged Car?

How Much of a Car Should be Packaged?

Employee Business Use of a Packaged Motor Vehicle

Applying Motor Vehicle Credits to Package

Motor Vehicles on Income Statements

Calculation of Taxable Value for IS Purposes

FBT Taxable Cars Excluded from Income Summaries

ATO Cents/Km Reimbursements for Non-Packaged Cars

Motor Vehicles in the Residual FB Category

Cars Not Held by the Employer: E.g. Rental Cars

Motorcycles, Very Large Cars and Trucks

Calculation of Taxable Value Under the Residual Method

Seminars Australia Pty Ltd

ABN: 83 981 851 753

E: admin99@seminarsaustralia.com.au (without the numbers)