BLOGS WEBSITE

Category: Taxation

New Process for Claiming Car Allowance for Use of Private Motor Vehicles

Commencing this week, there is a new process for claiming a Car Allowance to compensate for the use of private motor vehicles whilst on University business. Car allowance payments have previously been processed through the Finance System. Effective Saturday 14th of June 2014, these payments will be processed through the Human Resources branch. From the […]

Posted in Latest News, Procurement, Taxation | Tagged |

Comments Off on New Process for Claiming Car Allowance for Use of Private Motor Vehicles

Increase to FBT rate – 1 April 2014

Due to legislation changes, a number of Fringe Benefits Tax (“FBT”) rates will increase with effect from 1 April 2014.    The information below summarises the rate increases for the 2015 FBT year (1 April 2014 – 31 March 2015). Rate Current FBT Rate Revised FBT Rate FBT Rate 46.5% 47% Type 1 Gross Up Rate 2.0647 2.0802 […]

Posted in Latest News, Taxation | Tagged |

Comments Off on Increase to FBT rate – 1 April 2014

Staff News – New Tax Accountant

Financial Services would like to welcome Ms Linda Chapman as the new Senior Tax Accountant.  Linda replaces Henrietta Shepherd who left to move interstate.   Her first weeks will be a busy learning curve as she becomes familiar with the University and your patience is very much appreciated.  You can contact Linda on extn 35872, or by email linda.chapman@adelaide.edu.au.

Posted in Staff News, Taxation | Tagged |

Comments Off on Staff News – New Tax Accountant

New Meal and Entertainment Tax Guide

A new Meal and Entertainment Tax Guide in the form of a matrix has been developed to assist staff in determining the correct general ledger account code and to enable consistency of this coding across the University. Any tax queries should be directed to your Faculty/Divisional Finance Managers in the first instance.  For more complex tax issues, please send […]

Posted in Latest News, Taxation | Tagged |

Comments Off on New Meal and Entertainment Tax Guide