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FBT for community sector staff. Seeking recommendations in Canberra

By weeziepops 8 October 2013 1

I am looking for an accountant who is able to advise on managing FBT and salary packaging for someone who works for multiple not for profit employers.

Does anyone have a recommendation which they would like to share?

Thanks – any advice most welcome.

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FBT for community sector staff. Seeking recommendations in Canberra
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neanderthalsis 1:23 pm 08 Oct 13

Most accountants should be able to guide you through the complexities of FBT in charitable NFPs.

Also, pay particular care if you have a HECS debt. Claimed amounts through FBT can lower your taxable income to below the repayment threshold so HECS repayments are not deducted from your along with your PAYG. BUT HECS repayments are calculated on your total (pre-FBT) earnings so you can end up with a nasty bill at tax time.

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