Navigating Definitions, Exemptions, and Compliance in 2023
Embark on an in-depth exploration of fringe benefits with this comprehensive course. Delve into the fundamental concepts, understanding the impact of fringe benefits on both employees and employers. Learn about excluded fringe benefits, including various exemptions and transactions not subject to Fringe Benefits Tax (FBT). Stay ahead of the curve with a detailed analysis of the latest regulatory changes for FBT in 2023, exploring key updates shaping the year. Understand the specific categories of employers under the Australian Taxation Office's (ATO) audit spotlight, ensuring compliance with FBT regulations. Address critical issues for returning and home-based employees, navigating tax considerations for returning to work and the implications of working from home on FBT.Â
Key Topics Discussed:Â
• Definition and Examples of Fringe BenefitsÂ
• Impact of Fringe Benefits on Employees and EmployersÂ
• Excluded Fringe Benefits: Types of ExemptionsÂ
• Transactions Not Subject to FBTÂ
• What's New for FBT in 2023? Latest Regulatory ChangesÂ
• Key Updates for the Year in Fringe BenefitsÂ
• Employers Under ATO's Audit Spotlight in 2023Â
• Targeted Employer CategoriesÂ
• Ensuring FBT Compliance: Best PracticesÂ
• FBT Issues for Returning Employees: Tax ConsiderationsÂ
• Working from Home FBT Implications: A Comprehensive Guide
Author, Speaker, and Composer
Darryl Johnson II is a creative thinker based in sunny Southern California. A prolific content creator, he has published several dozen works for wind band, jazz band, and orchestra and is the author of dozens more print and multimedia publications in both the fiction and non-fiction categories. Along the way, he has delivered academic presentations to hundreds of schools in over 40 states and 3 countries and has received regular laudits for a supportive and relatable approach to education. A composer of music and a composer of words, Darryl Johnson II has developed an insatiable interest in a broad range of concepts and ideas that have been refined by fires of art and strategy and he is passionate about inviting others on new and interesting journeys of thought, experience, and design.
Senior Fund Accountant, and was educated at Holmesglen Institute. Specialized in following aspects: 1. Supernanuation Fund accounting 2. BAS/IAS/ITR and tax alignments 3. APRA 4. Australian taxation law 5. Australian accounting standards 6. IFRS 7. Alternative investments accounting 8. Supervision and mentoring 9. Oracle accounting application 10. Paxus fund accounting software 11. MFACT and MShare fund accounting applications
