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Workshop 1

FBT – What you need to know for 2024

Wednesday, 6th March 2024 | 9 AM to 4 PM | 6 CPD points

Register now
  1. What can you expect?
  2. What will you get?
  3. Who should attend?
  4. Facilitator

With an ever-changing FBT landscape of new and amended legislation, new ATO rulings and interpretation, and case law, keeping on top of your (or your clients) FBT obligations has never been more important. Our full day 2024 FBT Workshops will provide you with the knowledge and tools to efficiently and effectively manage your 2024 FBT and Reportable Fringe Benefits obligations. 

What can you expect? 

A comprehensive update on the Fringe Benefits Tax (FBT) changes for 2024 and 2024 FBT Return Preparation, including:

  • Recent law and ATO changes
  • Recent ATO FBT audit activity and how to avoid an FBT audit
  • How to prepare the 2024 FBT Return form
  • Motor vehicles valuation using either statutory formula method and operating cost or logbook method
  • Motor vehicle exemptions for Utes and other work related / tool of trade vehicles – debunking the myths and explaining the real FBT implications
  • How to treat Electric Vehicles for FBT purposes (Exempt and Non-Exempt)
  • Pooled or Shared Cars
  • Car parking benefits including new ATO guidance and the 2024 Car Parking FBT Hotspots guide map
  • Meal Entertainment, Recreational Entertainment and Entertainment Facility Leasing, why the distinction between the 3 categories is important, illustrated with case study examples
  • Applying the Minor Benefits exemption and On Premises exemption for meal entertainment
  • The rules to apply for Tax Exempt Body Entertainment and exemption restrictions
  • How to identify and quantify the FBT implications, exemptions and concessions in respect of Temporary and Permanent Relocations, Living Away From Home, Remote Area and Expatriate employees
  • Identifying, classifying and applying reductions for Expense Payment benefits, Property benefits and Residual benefits
  • Claiming other Exemptions and Concessions, and their requirements
  • Employer elections and declarations – and when they are required
  • Employee declarations – and when they are required
  • Employee reportable fringe benefits amounts (RFBA)
  • Post Lodgment requirements to plan for
  • How to avoid the most common mistakes that organisations make

Our experienced FBT trainer and practitioner, Paul Mather, will share with you his 25 plus years of FBT practical experience gained from 10 years in Big 4 and working with clients across all industry sectors – from Corporates, SME’s, Not for Profits and Charities, Local, State and Federal Government, and Accounting firms. 

Attendees will be provided with:

- Highly experienced FBT practitioner and FBT trainer – Paul Mather
- A detailed 2024 FBT Technical Manual
- Our 2024 FBT Essentials Checklist
- An attendance certificate for CPD/CPE purposes
- Lunch, morning & afternoon tea

Opportunities to network with your peers and fellow FBT-preparers 

Who should attend?

All personnel involved in the preparation or review of the 2024 FBT return or 2024 reportable fringe benefits amounts, whether new to FBT or those requiring refresher training. This includes:

1. Tax Practitioners and Tax Advisers,
2. Tax Managers,
3. Tax Accountants,
4. Financial Accountants,
5. Payroll Managers and Staff,
6. Salary Packaging Managers, and
7. Fleet Managers.

Our 2024 FBT training is designed for SME’s, Corporates, Not for Profits & Charities, Local, State & Federal Government and Accounting firms.

For more information, please email us at eventsanz@thomsonreuters.com or call us +61 2 9171 9768.

Date & Location

6th March 2024
Thomson Reuters,
Harris Street,
Pyrmont, NSW.

Time

9:00AM - 4:00PM AEDT

Cost

1 day workshop:
[Face to Face] $675 + GST
[Online] $575 + GST
6 CPD points

Register now

Workshop Facilitator

Paul Mather
FBT & Salary Packaging Specialist

Paul has over 25 years hands-on FBT, Employment Taxes & Salary Packaging experience across all industry sectors and businesses ranging from large corporates, SME’s, Not for Profits, Charities, Local State and Federal Government and Accounting Firms.

Paul works closely with Accounting firms to ensure they are proactively managing their clients FBT obligations and have a well structured “FBT Service Line” offering for clients.

In particular, Paul assists employers with:
1. Annual FBT Reporting via Outsource
2. FBT and Employment Taxes Reviews
3. Managing FBT Audits
4. Salary Packaging review, gap analysis and implementation
5. Car Parking FBT Valuation
6. Employee Expense process reviews and implementation
7. Review of Employee benefits, policies and processes
8. ATO and Revenue Office review and audits

Paul is an accomplished trainer and speaker on all areas of FBT, Employment Taxes and Salary Packaging. Paul delivers training in a practical and insightful manner.

Paul is a current member of the ATO’s FBT Stakeholder Group (since 2005).

Paul is the founder of FBT Salary Packaging Solutions (since 2009).

Prior to setting up his own practice in 2009, Paul worked as Director of Employment Taxes at EY Sydney for 10 years