Government and Non-Profit ONLY!

Transcription

1 Government and Non-Profit ONLY! Train with the specialists in taxation education for government agencies BY FAR THE MOST COMPREHENSIVE FBT TRAINING IN AUSTRALIA The 2008 FBT seminar will cover all of your FBT issues in more detail than ever before and will provide you with more knowledge than any other courses in Australia. ONLY THOSE BENEFITS APPLYING TO THE GOVERNMENT AND NON-PROFIT SECTORS WILL BE COVERED SO THAT YOUR VALUABLE TIME IS NOT WASTED! DATES AND VENUES Sydney 10 Feb 2008 Wagga Wagga 13 Feb 2008 Canberra 20 Feb 2008 Adelaide 13 Mar 2008 Perth 24 Feb 2008 Dubbo 03 Mar 2008 Armidale 06 Mar 2008 Sydney 22 Mar 2008

2 What s NEW in 2008? Changes to the 2008 FBT Return Reportable Benefits new rules for the 2008 FBT Year! Car Fringe Benefits Avoid Costly Mistakes and Save FBT! A Comprehensive Guide to Meal Entertainment Cutting Edge FBT Planning Strategies Travel, LAFH and Relocation Made Simple with no Mistakes! Sacrificing by elected members About the Speaker 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 qualified, 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 formal questions Kevin receives each year, places him in a very strong position to provide valuable and specific training directed to the sector s needs. Contact Details TaxEd (Pty) Ltd ABN: Telephone: (02) Facsimile: (02) info@taxed.com.au Web: PO Box 309 Cremorne Junction NSW 2090 The 2008 Developments that you need to know about Minor benefits exemption ensure you take full advantage! > Minor benefits can now be provided multiple times in the one FBT year. But how many times? > Associated benefits are not always added together when applying the minor benefit exemption. But when aren t they? > Huge win for gifts at Christmas! > Minor benefit exemption can now apply to cars. Save $ 000s NEW rules for PDAs, mobile phones, etc > The FBT exemption for mobiles which have GPS? > NEW ATO guidelines on classifying mobile phones under the exemption! > What documentation/declarations are now required for the exemption to apply? ATO releases guidelines on road and bridge tolls ATO back flip on contributions to social clubs > When is FBT payable on social club contributions under the new rules? > Can employers amend prior year FBT returns? ATO relaxes position on employee debit cards > NEW ATO approach allows employees to claim otherwise deductible rule Save $ 000s > How does the new approach work when the card is used for meal entertainment?

3 2008 Developments Reportable fringe benefits huge changes from 1 April 2007! > When is a car pooled for the purposes of the reporting exemption? > Is a salary packaged car which is shared amongst employees still reportable? > How many employees need to share a car before the reporting exemption applies? > ATO confirms FBT trap for FBT-exempt & rebatable employers who provide pooled cars > NEW rules DOUBLE the reportable benefit exemption threshold from 1 April 2007! > NEW simplified table identifies all reportable benefits under the new rules Car fringe benefits minimise your liability! The fundamentals of car fringe benefits > A no frills guide to the definition of a car benefit > NEW updated ATO ruling identifies current model dual cab utes which are now eligible for FBT exemption ATO sets its sights on the Statutory formula method > The essentials to calculating the taxable value under the Statutory formula method From the ground-up! > How is the base value of a car calculated when an organization company is merged or restructured? > Tax problems for employees who salary package a car and receive a car allowance for business use > Are costs associated with converting a car to gas included in its base value? > Massive FBT trap with employees who receive a replacement car during the FBT year > An easy-to-follow guide on the FBT record-keeping requirements > A no frills guide to calculating the taxable value under the log book method > Common audit traps and tips with calculating a car s business use percentage > ATO confirms FBT sting with calculating business use for cars with signage > How do employers calculate business use for cars that are used or shared by different employees? > Can a log book be maintained in electronic form? Advanced FBT planning and car benefits Literally shave $ 000s off your FBT bill! > NEW ATO ruling confirms that cars are eligible for the minor benefit exemption Don t miss out! > How does the exemption apply under the Statutory formula method? > How is the taxable value calculated under the Operating cost method? > Massive savings by selling a car to a financier and salary packaging it Almost too good to be true! > Slash $ 000s off your FBT bill by getting employees to store company cars at the business premises whilst on holidays! > Huge FBT savings for employees who transfer novated leases save $ 000s 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

4 2008 Developments A practical look at what is meal entertainment > A step-by-step guide to identifying when meal entertainment/recreation is provided > Latest checklist of all the common entertainment/ non-entertainment situations incorporating NEW ATO guidelines > How to record meal entertainment on the 2008 FBT return for each valuation method Comprehensive entertainment tables for all employers > Entertainment tables are provided for FBT-taxable, exempt and rebatable employers > Classify different types of entertainment > What are the advantages and disadvantages of each valuation method? > Christmas parties and other work functions > How to deal with all function costs for parties > How to structure a work function to avoid FBT > How to provide Christmas gifts to employees without paying FBT under the NEW rules > Overnight conferences and planning retreats > How to deal with conferences which include a gala dinner, golf or other team building activities > How to structure an overnight conference or planning retreat to avoid FBT! > Entertainment provided by tax-exempt employers > How does the NEW $300 minor benefit exemption apply to tax exempt employers? > When can a tax-exempt employer use the 50/50 split valuation method? > How does FBT apply to local councils who provide food and drink to councillors? The nuts and bolts of salary packaging > What documentation is required for a salary sacrifice agreement to be valid? > Is there a maximum amount that an employee can salary package? > Step-by-step checklist which ensures you maximise savings from salary packaging Advanced salary packaging strategies > NEW tax rates allow employees earning $35,000 or more to save at least $2,000 packaging a car > NEW super reforms set to revolutionise the benefits of employees packaging into super > Package into super and receive a tax-free income > Use the NEW rules to package into super and pay a flat rate of tax of 15%! > ATO gives green light to salary packaging briefcases, PDAs and electronic diaries whilst still claiming depreciation Save $ 000s > Salary packaging for employees of FBT-exempt & rebatable employers to save $ 000s > Advanced tax planning strategies with the NEW ETP rules an employee can save over $26,000! > Salary package daily lunches and get the ATO to pay for almost half! Relocation and LAFHA A hands-on guide to making the distinction between employees who are travelling, LAFH and relocating > How is the taxable value calculated for employees travelling, LAFH and relocating? > What are the documentation requirements for employees travelling, LAFH and relocating? > Comprehensive guide to designing the most tax effective salary package for employees travelling, LAFH and relocating Save $ 000s All of the exemptions available to income tax exempt employers and rebatable employers > New Checklist of all exemptions save 000 s are you making use of ALL the exemptions? > REMOTE AREA EXEMPTIONS AND CONCESSIONS unravelling the mystery

5 2008 Developments 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 2008 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 2008 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 New FREE attendance at April on-line seminars Completing the FBT Return in 2008 VALUED AT $100S OF DOLLARS FREE attendance at October on-line seminars FBT 2008/09 update VALUED AT $100S OF DOLLARS FOR AS MANY EMPLOYEES AS YOU WISH!!! Synopsis/Agenda The presentation will cover the large number of developments in FBT in 2007/2008 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. What Our Attendees Say (a few of the many, unsolicited comments we receive) 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 Brilliant - Melbourne It was excellent, my staff came out of the day enthusiastic about FBT - Sydney I attended the one day course in Hobart 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 presentation was entertaining as well as very informative. The presenter has a very good knowledge of FBT issues Sydney

6 Cost & Registration FBT WHO WANTS TO BE A MILLIONAIRE? Self Register now at (NB No payment is required at this time. A Confirmation Letter and Tax Invoice will be ed.) Principal contact Name Telephone FBT 2008 Who Wants to Be a Millionaire? I would like to register delegate/s for FBT 2008 at on the / /08. (number) (venue) 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). 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. Purchase Order Number (optional) Total $ Register Or Fax to Delegate contact details Delegate 1 : Delegate 2 : Delegate 3 : Delegate 4 : Delegate 5 : Delegate 6 :