The good news is from 1 April 2016 you can supply employees with more than one work-related portable electronic device without having to pay FBT.
The devices can include:
- laptops
- tablets
- calculators
- GPS navigation receivers
- mobile phones.
You want to give your employees the right tools to do their job… but what about fringe benefits tax? The good news is from 1 April 2016 you can supply employees with more than one work-related portable electronic device without having to pay FBT. The devices can include:
Remember - you can buy the devices anytime, but don’t give them to your employees before 1 April 2016 if you want to take advantage of this new concession for small businesses.
On behalf of the Cotter Accountancy team, we would like to wish you and your family a very Merry Christmas and a Happy and Prosperous New Year.
Thank you for your business and support during the year and may we all grow stronger together in 2016! Cotter Accountancy will be closed from: 5:00pm Wednesday 23 December 2015 – 8.30am 11 January 2016. Normal office hours will apply from Monday 11 January 2016. Christmas wishes from all of us! Rosanne, Jenny, Niki, Annie, Natalie, Leanne The ATO's records show more than one quarter of SMSF trustees have multiple super accounts. If you are one of these trustees consider whether you would benefit from consolidating your super into one account. Consolidation can often make it easier for you to keep track of your super and you may save on fees and other charges.
If you are unsure whether it would be in your best interests to transfer super into your SMSF please contact us for specialised advice. |
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