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Workshop 2

FBT Mastery for Accountants in Practice

Thursday, 15th August 2024 | 9 AM to 1 PM | 3 CPD points

Register now
  1. What can you expect?
  2. What will you get?
  3. Who should attend?
  4. Facilitator

In an evolving Tax landscape, accountants in practice can no longer afford to ignore offering Fringe Benefits Tax (FBT) services and identifying Salary Packaging opportunities for their clients. With the Australian Taxation Office (ATO) tasked with closing a $1 billion FBT revenue shortfall gap, the spotlight is firmly placed on Accountants in Practice and their Small and Medium-sized Enterprise (SMEs) Employer clients and Individual (Employee) clients.

This full day session will discuss and illustrate: 

1. Why offer FBT Services?
2. What FBT Services can be offered?
3. How to identify FBT Service opportunities?
4. How to deliver and when to deliver FBT Services? 

Case study examples will be provided throughout to illustrate the opportunities and how to integrate FBT services into accounting practices to not only manage risks but also to generate a new revenue stream. 

Why FBT Services?

  • It is a Tax and there is urgency for accounting firms to offer FBT services, given the ATO’s emphasis on auditing SMEs.
  • The low hanging ATO FBT fruit that is work Motor Vehicles needs your Tax input
  • Explore the proactive advisory and consulting revenue opportunities that come with offering FBT services.
  • Understand the opportunities that the many FBT Exemptions, Concessions and Reductions provide.

What FBT Services to Offer?

  • Gain insights into building FBT awareness and education amongst your team for your employer and individual clients.
  • Learn about the broad array of FBT services ranging from reviews, registration, compliance and advisory, including big ticket specialised areas such as motor vehicles, relocations and salary packaging. 

How to Implement?

  • Understand why accountants are ideally situated to offer FBT services to their existing and potential new clients.
  • Discover the key triggers for both compliance and opportunities based on a thorough understanding of your client base.
  • Learn how to keep abreast of FBT-related developments affecting your clients, thereby staying ahead of the curve.

Who Should Attend?

  • Tax Agents and Tax Practitioners in Practice
  • Accountants in Practice Join us for a practical session to guide your practice with implementing a successful FBT Service offering for your existing and new clients. 

Bonus Tools included:

1. White Labelled Client Brochure – Employer Clients
2. White Labelled Client Brochure – Employee (Individual) Clients
3. White Labelled Client Brochure – FBT Risk & Opportunity Checklist
4. FBT Services Explainer Guide 

For more information, please email us at eventsanz@thomsonreuters.com or call us +61 2 9171 9768.

Date & Location

15th August 2024
Thomson Reuters,
Harris Street,
Pyrmont, NSW.

Time

9:00AM - 1:00PM AEDT

Cost

Half day workshop:
[Face to Face] $475 + GST
[Online] $375 + GST
3 CPD points

Register now

Workshop Facilitator

Paul Mather
FBT & Salary Packaging Specialist

Paul has over 25 years hands-on FBT, Employment Taxes & Salary Packaging experience across all industry sectors and businesses ranging from large corporates, SME’s, Not for Profits, Charities, Local State and Federal Government and Accounting Firms.

Paul works closely with Accounting firms to ensure they are proactively managing their clients FBT obligations and have a well structured “FBT Service Line” offering for clients.

In particular, Paul assists employers with:
1. Annual FBT Reporting via Outsource
2. FBT and Employment Taxes Reviews
3. Managing FBT Audits
4. Salary Packaging review, gap analysis and implementation
5. Car Parking FBT Valuation
6. Employee Expense process reviews and implementation
7. Review of Employee benefits, policies and processes
8. ATO and Revenue Office review and audits

Paul is an accomplished trainer and speaker on all areas of FBT, Employment Taxes and Salary Packaging. Paul delivers training in a practical and insightful manner.

Paul is a current member of the ATO’s FBT Stakeholder Group (since 2005).

Paul is the founder of FBT Salary Packaging Solutions (since 2009).

Prior to setting up his own practice in 2009, Paul worked as Director of Employment Taxes at EY Sydney for 10 years