How often do you hear about how an amount should be treated for Fringe Benefits Tax (FBT) or superannuation purposes and find yourself questioning whether you have been long mistaken, or at least feeling uneasy? In this session, we looked at the myths that often exist among not-for-profit employees and employers alike, including:
- Providing benefits to directors
- When entertainment is taxable
- What to pay in respect of contractors
- Payroll tax exemption requirements
- Practical and governance issues regarding salary packaging
- Making the most of not-for-profit and other concessions; and
- Payday super changes and what you should do if you haven’t met your super obligations.