Government & Non-Profit FBT Two Full Day Programs to Choose From. Train with the specialists in taxation education for government agencies

Transcription

1 Government & Non-Profit FBT 2007 Two Full Day Programs to Choose From Program One Program Two Ringing in the Changes A simple introduction and guide to current FBT practice in the Government / Non-Profit Sector. Train with the specialists in taxation education for government agencies Contact Details TaxEd (Pty) Ltd: ABN: Telephone: (02) Facsimile: (02) info@taxed.com.au Web: PO Box 309 Cremorne Junction NSW 2090

2 Program One FBT Ringing in the Changes An essential FBT update for government and non-profit entities Bring staff up to date with the recent FBT developments and planning opportunities. Find out how these changes affect you. Who should attend All staff involved with calculations, preparation and lodgement of your 2007 FBT return. Where this task is the responsibility of just one person, it is highly recommended that you consider training additional staff in these areas. What s Included Full day training 2007 FBT Reference Book (PDF) Hard copy of slide presentation Full catering including a hot lunch Access to Q & A support post training CPD Hours Access to: TaxEd FBT tools Motor vehicle booklet Remote area booklet Synopsis/Agenda The presentation will cover the large number of developments in FBT in 2006/2007 AND addresses in detail the major areas of concern with special attention given to the changes impacting on Motor Vehicles, Meal Entertainment, Remote Area issues (in regional areas) and the Exemptions. ALL fringe benefits relevant to the sector will be covered. Presentation Format The presentation will be thorough and entertaining in the style that TaxEd have become renowned for. Questions will be encouraged from the floor throughout the day please send us, in advance, any specific issues you would like addressed on the day Changes and Developments Automated Log Books could these be your saving grace? Charitable entity or government body High Court decision. Exempt vehicles what is home to work travel? Shared vehicles and pooled vehicles reporting exclusion Employee down payments on novated leased finance vehicles Cars impact of payments based on deemed interest and depreciation Remote area concessions 50% of payment or 50% of value Calculating FBT on road tolls reduced compliance requirements FBT implications of paying an employee s income tax In-house benefits provided by associates of an employee Benefits provided to spouses and other associates one benefit or more Car fringe benefits payments made by employees associates (spouse) Minor benefit exemption new meaning of irregular and infrequent Cost of FBT compliance reduction Approved employee declaration forms Employee contributions by journal entries When are PDAs exempt? Travel and accommodation for accompanying spouse Insurance for travel is it subject to FBT? Benefits provided in relation to deceased employee Moving between departments what is the base value?

3 FBT 2007 Ringing in the changes All the latest rates and thresholds Including: Pay by instalments threshold Gross-up rates for fringe benefits tax Car fringe benefits statutory formula rates Motor vehicle cents per kilometre rate Car parking threshold Statutory/benchmark interest rate Record keeping exemption threshold Housing indexation figures Deemed depreciation rate cars Reportable fringe benefits Capping of concessional FBT treatment for certain employers Reasonable food component for expatriate employees living away from home ATO Audit Plans for audits and reviews Are you a likely target? What is the ATO looking for? 2006 Budget Impact on FBT Including: Reduction in FBT rate Definition of remote In-house fringe benefits tax-free threshold FBT return preparation issues/errors What not to do! We take you through the most common errors New ATO decisions and rulings Are you up to date on the 2006/2007 rulings and decisions; including: Class ruling on an Automated Logbook & GPS tracking system potentially painless logbook recording Cost price of a car - extended car warranty In-house residual expense payment fringe benefit meaning of associate Exempt loan benefits: outlay advance in the course of performing the duties of that employment Exempt Benefits: work related item notebook computer, laptop computer or similar portable computer accessories and upgrades Brilliant - Melbourne It was excellent, my staff came out of the day enthusiastic about FBT - Sydney I ve been to a number of tax sessions over the years and this was certainly one of the best - Brisbane

4 Program Two FBT Who Should Attend? Finance Officers with little or no experience of FBT Human Resource Managers and Payroll Officers Executives with recruitment and remuneration responsibilities What is covered? The course has been designed specifically to enable participants to understand the basic key concepts, requirements and opportunities of FBT. There is a need for clear communication between the Finance and HR teams with an understanding of at least The Basics of FBT to ensure that policies and planning provide for minimising FBT while maximising benefits to employer and employees. Accounts staff will be shown how to identify a Fringe Benefit and how to determine the correct treatment, valuation and recording necessary saving valuable time at 31 March. Staff with HR responsibilities will be provided with the tools and knowledge to maximise remuneration benefits by understanding the extent and limitations of concessions and the need to plan for any strategy involving Fringe Benefits. This knowledge could be critical in the recruitment and retention of key staff. Agenda Introduction Fundamentals and Structure of FBT How to recognise a Fringe Benefit Admin and Record Keeping Concessions and Exemptions Overview Application Types Facts and Myths Types of Fringe Benefits Individual categories Valuation methods and hints Concessions and Exemptions - by category Human Resource Planning Salary sacrifice Key planning issues Times Arrival and Registration 8.45 onwards join us for drinks and croissants Session 1: 9.15 am to am Lunch am to pm a full lunch will be served Session 2: pm to 2.45 pm Afternoon Tea 2.45 to 3.00 pm Session 3: 3.00 pm to 4.15 pm All participants will be carefully guided through the Types of Fringe Benefits, when the Exemptions and Reductions apply and when they don t! Many practical examples of realistic situations will be analysed; useful hints and facts are integral to the course as well as the debunking of many of the myths that lead to incorrect FBT returns and the possibilities of fines or penalties.

5 FBT The Basics What s Included? Full day training What Our Attendees Say (a few of the many, unsolicited comments we receive) Comprehensive notes - the up to date TaxEd Resource Manual, checklists and much more The TaxEd session was the best tax seminar I have ever attended, and it was actually entertaining, a word you usually don t associate with tax. Perth Follow Up Question and Answer Service for 14 days after the Seminar Full lunch and Refreshments Brilliant - Melbourne It was excellent, my staff came out of the day enthusiastic about FBT - Sydney I attended the one day course in Hobart Presentation Format Plain language, free of unnecessary jargon, realistic examples and focused on Government Agency issues that matter. on Friday and found it very informative with an excellent presenter I ve been to a number of tax sessions over the years and this was certainly one of the best - Brisbane The course will be paced to cover key sections fully with a review of the non-essentials. The presentation was entertaining as well as very informative. The presenter has a very good knowledge of FBT issues Sydney The TaxEd session was the best tax seminar I have ever attended, and it was actually entertaining, a word you usually don t associate with tax. - Perth

6 Venues & Dates FBT 2007 Program One: Blue FBT Basics Program Two: Brown December 06 Tuesday 12 Mildura (FBT Basics) Mildura Grand February 07 Thursday 1 Sydney Marriott Monday 5 Melbourne Victorian Arts Centre Wednesday 7 Hobart Henry Jones Art Hotel Friday 9 Adelaide National Wine Centre Wednesday 14 Perth Old Swan Brewery Thurs 15 Perth Old Swan Brewery Monday 19 Canberra Hyatt Wednesday 21 Wagga Country Comfort Monday 26 Coffs Novotel Wednesday 28 Darwin (FBT Basics) Novotel Atrium March 07 Thurs 1 Darwin Novotel Atrium Monday 5 Rockhampton Travel Lodge Tuesday 6 Brisbane (FBT Basics) Novotel Wednesday 7 Brisbane Novotel Thursday 8 Cairns (FBT Basics) Cairns International Hotel Friday 9 Cairns Cairns International Hotel Monday 12 Dubbo Mainstay Motor Lodge Thursday 15 Armidale UNE Monday 19 Sydney Marriott Wednesday 21 Melbourne (FBT Basics) Victorian Arts Centre Thursday 22 Melbourne Victorian Arts Centre Thursday 22 Launceston (FBT Basics) Hotel Grand Chancellor Monday 26 Newcastle Crowne Plaza The presentation was entertaining as well as very informative. The presenter has a very good knowledge of government issues - Sydney

7 Cost & Registration FBT 2007 / FBT Basics Self Register now at (NB No payment is required at this time. A Confirmation Letter and Tax Invoice will be ed.) Principal contact Name.... Position Telephone Our organisation is a member of TaxEd Train Us support services. If yes please tick and we will credit you with any sessions still owing and/or a 10% discount for additional delegates. Program One FBT 2007 Ringing in the Changes I would like to register delegate/s for FBT 2007 at on the / /07. (number) (venue) Program Two FBT Basics I would like to register delegate/s for FBT Basics at on the / /07. (number) (venue) Please list delegates on the following page and fax with this registration Costs Cost (Includes - Training / Support Package, Full Catering and GST): Standard registration $ per person, per session Group registration $ per person per session (minimum three delegates). FBT Package (FBT 2007 & FBT Basics) Register staff for both sessions $ per person Group registration for both sessions $595 per person (minimum three delegates). Registration 8:45am Lunch 11:45pm Conclusion 4:15pm Please note that it does not have to be the same staff attending both sessions to apply the FBT Package discounts. Early Bird Discount Register before Dec 15 - $30 off per person per session Purchase Order Number (optional) Total $ Register Or Fax to

8 Delegate contact details Delegate One Delegate Two Delegate Three Delegate Four Delegate Five Delegate Six Delegate Seven Attending (please tick)