Many businesses provide benefits to their staff. These almost always have an Income Tax impact on the staff.

This webinar will review the obligations and responsibilities imposed by the Fringe Benefit Tax & Entertainment rules, as well as the rules that apply in each of the areas. It will also cover important issues and recent developments in the two areas. Examples will be used to illustrate the issues.

Specifically, the webinar will cover:

Fringe Benefit Tax

• Value subject to FBT
  ~Loans
  ~Insurances
  ~Motor Vehicles
  ~Other Goods & Services
• Common exemptions

Entertainment

• What is entertainment?
• Exclusion from 50% deductibility
• Entertainment or FBT?

Upon satisfactory completion of this course you will be able to:

• explain the rules and principles with more conviction and clarity
• identify relevant tax issues with FBT & entertainment
• have a deeper understanding of the tax implications in each of the areas

Suited to:

Employers, Corporate Accountants, and anybody in public practice making decisions about deductibility of entertainment expenditure and/or the application of FBT in their business and/or client businesses

1.25 CPD hours incl. 15 min Q&A

PRESENTER

Mike Hadwin, Director, Symmetry Advisory Ltd

Mike has been a regular presenter for TEO Training. You’ll learn from Mike’s 40 years of tax experience as a public CA and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to common situations you may face in your role.