Government - Non Profit - Rebateable Employers. Delegate Support Package. a set of innovative and practical tools specifically designed for the sector

Transcription

1 Government - Non Profit - Rebateable Employers Includes the Delegate Support Package a set of innovative and practical tools specifically designed for the sector TaxEd seems to have the ability to make tax interesting. Thank you for an excellent program - Melbourne FBT 2004 Train with the specialists in taxation education for government agencies Contact Details TaxEd Pty Ltd ABN PO Box 779 Ballarat 3353 Tel: Fax: admin@taxed.com.au

2 in 2005 New in 2005 Delegate Support Package An innovative and practical set of tools to help you get it right. Meal Entertainment Interactive Spreadsheet Many of you have told us that these calculations - particularly the way that your record keeping for GST and FBT often does not interact - is the cause of many a grey hair. Designed for the government / non profi t sector, this spreadsheet will help you to calculate the FBT Meal Entertainment value under the three methods quickly and accurately. Decision Trees (DT) Similar to flow charts, these will give you a simple and effective process to work through the more complex areas of FBT. See the session outline for where these will be applied. Substantiation & Record Keeping Documents Delegates will be able to download forms for use within your organisation to help you remain compliant with ATO record keeping requirements. Including motor vehicle log book examples, no private use declarations, exempt commercial vehicles, and much more. Follow up Q&A support For any FBT questions that arise whilst completing your return, you will be able lodge queries via the TaxEd online support service for a 30 day period. Workbook A comprehensive guide specifi cally for the sector. This will also include the speaker s notes for easy note taking throughout the training. Meal Entertainment Table This table will help you to determine which meals are entertainment and which are not. This support package is available separately for $ (inc GST) Presenter Kevin Smith B.Comm, LLM (Tax Law); LLM (Commercial Law) Kevin is one of Australia s most experienced and accomplished taxation educators. As a specialist taxation advisor to the government sector, he is highly qualifi ed, and has a vast knowledge of taxation issues in relation to government and tax exempt bodies. Founding Director of TaxEd, Kevin has presented well over 300 taxation workshops and training sessions around Australia over the past five years. Kevin is a regular advisor to numerous taxation committees, forums and meetings around Australia. This experience, as well as the hundreds of questions Kevin receives on FBT each year, places him in a very strong position to provide valuable and specifi c training directed to the sector s needs. Thanks It was great to have a focus on government issues! - Brisbane FBT 2004 I ve been to a number of tax sessions over the years and this was certainly one of the best - Brisbane FBT 2004

3 FBT 2005 Sessions Session One 9.30am Identifying Fringe Benefits Who are employees DT Are family members other than a spouse treated as associates What is meant by an arrangement with a third party Cars & Other Vehicles Distinguishing between cars and residual vehicles DT Exempt vehicles beware of the hidden traps Statutory vs Actual cost method which one is for you comparative examples Home to work travel every possible situation where it can be treated as business DT Dual cabs how to correctly treat them DT Novated lease payments by employees are they treated as recipients payments New cents per kilometre rates Replacement cars under operating cost method How you should treat Hire cars Session Two 11.45am Entertainment Identify meal entertainment easily DT Council meetings entertainment or sustenance The three methods which is best for you Spreadsheet Meetings at the café over coffee when FBT applies When you can apply the minor benefi ts exemption to entertainment Can you give an exempt Christmas party at an awards ceremony GST & FBT How these taxes interrelate When does GST apply to FBT - DT When can you claim input credits where benefi ts are provided Expense Payment Benefits Using expense payments to reduce your tax planning opportunities How to deal with credit card repayments Are reimbursed meals at restaurants expense payments or meal entertainment Interest/rental subsidies Lunch 1.45pm Session Three 2.15pm Exemptions & Concessions Every relevant exemption and concession explained Why employers are under-utilising the otherwise deductible rule Tools of trade does this include cars and computers Paying for employees education taxable or not Provision of certain work related items what items are included 'in-house property fringe benefi ts' - including housing Otherwise deductible rule: application to HECS fees Salary Packaging Detailed comparative examples Which employees should be salary sacrifi cing Which benefi ts can be included in packaging arrangements Adjustments to an employee s salary to recover FBT shortfall Car Parking When does a car parking benefi t arise Which method to use Exempt car parking which employers can use it What is the meaning of provider New car parking threshold Remote Area Benefits The 2005 changes to remote area benefi ts Can an employer pay an employee s mortgage tax free Reportable Fringe Benefits Which benefi ts are reportable on payment summaries How to calculate the reportable amount What is the effect of reportable benefi ts on the employee Conclusion 4.30pm

4 2005 Changes and New Developments 2005 Changes and New Developments Contrary to a common belief, it has been a very busy year in relation to FBT changes. There have been over 40 rulings, cases, IDs and Legislative changes to FBT this year. Below we have listed a few of the changes, however all relevant changes will be discussed through the training in relation to each category. Update on ATO compliance activities Income tax and fringe benefi ts tax: health promotion charities Leaseback of the employee's private residence In-house period residual fringe benefi ts Payments to approved worker entitlement funds 1/3 reduction in the base value of a car under the statutory formula method Base value of a car where the car has been previously leased by the employer Work-related preventative health care New endorsement measures for charities Legislation update Review of certain matters concerning living-away-from-home allowances New benchmark interest rates Payment for personalised number plates Rebateable Employers For sessions where rebateable employers attend we will be covering the following: Methodology and an example of how to calculate FBT for rebateable employers Effects of the GST and the $30,000 capping What is the new formula for calculating the FBT rebate? How does a rebateable employer calculate the aggregate non-rebateable amount? FBT reporting requirements of a rebateable employer 2005 Changes and New Developments CHANGES

5 Locations & Dates Government / Non Profit / Rebateable Feb 05 Location Venue Monday 7th Devonport Devonport Entertainment & Convention Centre 145 Rooke St. Devonport Wednesday 9th Hobart Wrest Point Casino, Hobart. Tel: Friday 11th Adelaide Rendezvous Allegra Hotel, 55 Waymouth St. Adelaide Monday 14th Melbourne Sheraton Towers Southgate, One Southgate Ave Wednesday 16th Mildura Mildura Grand Hotel, Seventh St, Mildura. Tel: Friday 18th Orange Duntryleague Guesthouse Woodward Ave, Orange Monday 21st Port Macquarie Quality Resort Sails, 20 Park St, Port Macquarie Wednesday 23rd Wagga Wagga Country Comfort, Cnr Morgan & Tarcutta St. Wagga Wagga Friday 25th Sydney Crowne Plaza, Darling Harbour, 150 Day St. Sydney Monday 28th Brisbane Marriott Hotel, 515 Queens St. Brisbane March 05 Location Venue Wednesday 2nd Toowoomba Cathedral Centre, 123 Neil St. Toowoomba Friday 4th Bundaberg Burnett Riverside, 7 Quay St. Bundaberg Monday 7th Townsville Southbank Convention Centre, 23 Palmer St. Townsville Wednesday 9th Cairns Novotel Palm Cove Resort, Palm Cove Friday 11th Darwin Novotel Atrium, 100 The Esplanade, Darwin Tuesday 15th Perth WA Local Government Tax Service - Coordinated by WALGA Wednesday 16th Perth Burswood Convention Centre - Coordinated by WALGA FBT Exempt March 05 Location Venue Friday 18th Perth Burswood Convention Centre - Coordinated by WALGA Monday 21st Sydney Crowne Plaza, Darling Harbour, 150 Day St. Sydney Tuesday 22nd Melbourne Sheraton Towers Southgate, One Southgate Ave Thursday 24th Brisbane Marriott Hotel, 515 Queens St. Brisbane The presentation was entertaining as well as very informative. The presenter has a very good knowledge of government issues - Sydney FBT 2004

6 COST & REGISTRATION FBT 2005 Register online now at ORGANISATION... Address... (NB No payment is required at this time. Confi rmation Letters and Tax Invoices will be ed.) Principal contact Name... Position Telephone... I would like to register (number) delegate/s for on the / /05. (venue) (Date) COST (Includes - Delegate Support Package, Full Catering and GST): Standard registration $ per person Group registration $ per person (minimum three delegates). Early Bird $ per person before December 17, 2004 Sub Total $ I am not able to attend but would like to purchase the Delegate Support Package. COST (Including GST & Postage): TaxEd Plus members $ Non-members $ Sub Total $ Our organisation would like to join the TaxEd Train Us Support Services (TaxEd Train Us is part of the TaxEd Plus membership service. For further details Two free delegate positions for this training series + 10% off for additional delegates. Year round online technical Q&A support. Access to TaxEd s national Q&A database Monthly updates ATO news, rulings, IDs and cases analysed. COST (Including GST): $ (Pro-rata fee for membership till 30 June 2005) Sub Total $ Purchase Order Number (optional) tax ed taxation education for government agencies Our organisation is registered with TaxEd Train Us support services. If yes please tick and we will credit you with any sessions still owing and a 10% discount for additional delegates. Total $ CANCELLATIONS: More than 5 working days before the seminar cancellations incur an $78 (incl. GST) per delegate administration fee and must be requested in writing. Within 5 working days of the seminar no refunds will be available for cancellations, although the Delegate Support Package will be provided. Transfers to other seminars in this series can be made with 3 days notice. TaxEd reserve the right to cancel or reschedule courses, and to change speakers or revise content as necessary. Register or Fax to Closing date Friday 28th of January 2005