Like everything, technology marches on and we've made some changes to our backend support services to ensure we continue of offer the levels of service we are known for! These changes will continue to bring us into line with easyFBT being our brand in the marketplace.
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FBT Exempt PBIs (Public benevolent institutions and health promotion charities) and FBT Exempt PNPHs (Public and non-profit hospitals and public ambulance services) now have an additional $5,000 meal entertainment cap on salary sacrificed Meals/EFLE entertainment benefits. This is a separate and specific cap in addition to the existing general exemption caps of $17,667 for PBIs and $31,177 for PNPHs for the 2017 FBT year.
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We have designed a new Entertainment (All) workpaper which combines the old Entertainment (Actual) and the old Meal Entertainment workpapers. This new workpaper was required due to the fact that as from the 2017 FBT year any salary sacrificed Meals/EFLE entertainment benefits must be valued under the Actual method (as they can’t be concessionally valued anymore) and these salary sacrificed Meals/EFLE entertainment benefits must now be included as reportable fringe benefit amounts (RFBs) for inclusion on your employee’s payment summaries where the total of all RFBs for the employee exceeds the $2,000 taxable value cap.
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A feature that has been long requested (and even more so recently) is yearly comparison reporting. Comparison reporting is designed to provide a year-on-year comparison between prior year and current year results.
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As discussed in our previous post, we are making changes to the Import Entity Wizard to facilitate importing multiple entity files at once - great for head-office users reviewing and consolidating entities from their sites.
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As discussed in our previous post, we are making changes to the Export Entity Wizard to facilitate exporting entities to separate files automatically rather than in just one combined file - great for head-office users sending entities out to their sites.
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We are always looking to add new features or enhancements to existing features in easyFBT - plus we always love to hear from our users about their product usage, some of their pain points and how we might be able to improve their workflow.
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Development of easyFBT 2015 is nearly completed and will be available for download and purchase soon. Not a lot of big changes happening in this upcoming release but a number of things are happening to support the eventual integration of online electronic lodgement (Standard Business Reporting 'SBR') this year.
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