Tax & Motor Vehicles Webinar

Tuesday, 11 May 2021

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Tax & Motor Vehicles Webinar

How to apply the right tax treatment & avoid ATO scrutiny

Deductions under ATO scrutiny
FBT & how to get the tax treatment right
Latest ATO guidance on when travel expenses are deductible

The ATO has increased its focus on deductions claimed by individual taxpayers in recent years and this is set to continue.  This means that claims for car and other motor vehicle expenses are likely to come under scrutiny, especially when the amounts involved are significant.

On top of this, the ATO has indicated that it is looking closely at the FBT treatment of cars and other motor vehicles provided to employees as there are a number of issues that the ATO is concerned about.

The Tax & Motor Vehicles Webinar shows you how to apply the right tax treatment to the different motor vehicle scenarios. The ATO has also released updated guidance on when travel expenses can be claimed as a deduction, which can impact on the FBT treatment too. It is important for employees, business owners and employers to ensure that claims can be justified.

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Knowledge Shop members, login for your discounted member rates!

Tuesday, 11 May 2021

12:00pm - 1:15pm AEST
11:30am SA & NT
10:00am WA

1.25 PD Hours
Reference notes included
Recording access for 3 months

FPA Accreditation pending

What we cover

How to apply the right tax treatment to different motor vehicle scenarios.

Managing tax on motor vehicles can be tricky. We walk through the rules and the latest ATO guidance in this practical webinar for every accountant.

 

  • Tricks and traps when applying the cents per kilometre and log book methods
  • Recent ATO guidance on deductibility of travel (and its relevance for FBT purposes)
  • What the ATO expects of clients who use utes and other commercial vehicles for work or business
  • Different ways of structuring salary packaging arrangements involving motor vehicles
  • When clients do and don’t have to apply the luxury car limit for depreciation and GST purposes
  • The different rules that apply to chattel mortgages, hire purchase arrangements and luxury car leases.

Our presenter

Karen Vella

With Karen Vella
Trainer, TaxBytes

 

 

Karen has ‘been there and done that’, having trained with the Big Four, initiated her own successful small practice before moving to Hayes Knight as a Partner, then solidifying her role as an educator at Webb Martin (Kaplan) before creating her own consultancy.

She has worked her magic on leading accounting practices around the country and is a trainer for TaxBytes and Knowledge Shop.

Investment

Wednesday 28 April 2021

12:00pm - 1:15pm AEST in ACT, NSW, TAS & VIC
11:30am SA| 11:00am QLD | 10:30am NT | 09:00am WA

Member

Webinar, reference notes + recording access for 3 months

  • $195 Individual access
  • $430 Office access*
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Non-Member

Webinar, reference notes + recording access for 3 months

  • $235 Individual access
  • $480 Office access*
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Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*The office rate applies per office location (maximum number of participants temporarily increased to 20 per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.

Requirements

You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
  • Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
  • Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
  • Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
  • PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).