FBT AND STAFF LOANS

bo2dev Tax

Questions about FBT & staff loans: If you provide a staff loan, then you must charge the FBT benchmark rate of interest to avoid any FBT liability? If you provide a loan to staff to buy shares as an investment, will the interest be “otherwise deductible” for FBT purposes? Does it make any difference if the shares are in the …

Industrial Relations Update April 2018

bo2dev HR/IR, Tax

FAMILY AND DOMESTIC VIOLENCE LEAVE The following abbreviated summary follows the recent decision of the Fair Work Commission as part of the 4-year review of Modern Awards to insert an model domestic violence clause into the awards to allow employees to access 5 unpaid days where they can provide reasonable proof that they aren experiencing family or domestic violence issues. …