Question
Simpsons and Associates is a law firm which has provided the following benefits to its employees for the 2018/19 FBT year. The turnover for the
Simpsons and Associates is a law firm which has provided the following benefits to its employees for the 2018/19 FBT year. The turnover for the firm is $12M. Identify the relevant elements of Australian tax law in the following scenario and document the FBT payable by Simpsons and Associates for the tax year 2018/19.
Show your workings by embedding your spreadsheet or table below. ● James was provided with a Toyota which is parked at James’s home. The car was bought by the company on 1 April 2015 for $48,500 (GST inclusive), including $1,900 for registration and compulsory third-party insurance.
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FBT is paid by employers on certain benefits they provide to their employees or their employees family or other associatesThe employer must self asses...
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
