Skip to content Skip to main navigation

Ask RiotACT

Charity and fundraising auctions for the Canberra community

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.

What’s Your opinion?


Post a comment
Please login to post your comments, or connect with
One Response to
FBT for community sector staff. Seeking recommendations in Canberra
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.

Related Articles

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2017 Riot ACT Holdings Pty Ltd. All rights reserved.
www.the-riotact.com | www.b2bmagazine.com.au

Search across the site