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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One Plus One Solutions Pty Limited are pleased to advise that the final easyFBT 2016 version is now available for download. This release contains the final ATO Fringe Benefits Tax (FBT) return 2016 form and can be produced as a paper form for manual lodgement or when using the SBR Interaction Manager to lodge electronically using your AUSkey. We have also added comparison year-on-year reporting and a number of other enhancements. Read the change log for further information about this release.
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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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The newly released Motor Vehicle Dealers’ version of easyFBT includes the Motor Vehicle Dealer Cars workpaper and several new reports. This version calculates your car’s fringe benefits taxable values using the special motor vehicle dealer pooling method as set out in Taxation Ruling MT 2023.
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Having recently attended Microsoft Ignite 2015, I came away thinking about how to improve easyFBT going forward - hey no one wants to use dull and hard-to-use software that doesn't fit with your workflow or business practices.
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I was fortunate to be able to attend Microsoft Ignite 2015 (formally TechEd) up on the Gold Coast in mid November. Ignite is for those looking for what's next or insights on key technology trends from Microsoft and the greater IT industry. It's a full-on week of learning with around 180 break-out sessions, learning labs, the Hack Theatre spread over 4 days covering technology such as Azure (cloud), developer tools (DevOps), servers and databases.
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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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