Salary packaging and FBT

 The Australian Institute of Company Director’s Budget Summary reports that:

New FBT rules will impact salary-packaging in this sector from 1 April 2016. 

Meal entertainment benefits – which include holidays, cruises and weddings – for employees will be capped at $5,000. 

Amounts exceeding the cap will also be counted towards whether an employee exceeds their existing FBT exemption or rebate cap. 

All meal entertainment benefits will become reportable. 

This measure will save the Government $295 million. 

re-printed with the permission of WilliamsonLegal

Cristy Houghton

Embarketing, 48 Johnston Street, Wagga Wagga, NSW, 2650

Cristy's unique career has taken her from country NSW to the city lights of Clarendon Street South Melbourne and back again. With an early career in radio as a copywriter and creative strategist, she is now a Jill of all trades as a graphic designer, website builder, blog writer, video editor, social media manager, marketing strategist and more. 

In fact, give her any task and this chick will figure out how to do it! Go on, we dare you!

No, really, we DARE you!!

Cristy has won two Australian Commercial Radio Awards (ACRAs) for Best Ad and Best Sales Promotion, and even has an 'Employee of the Year' certificate with her name on it.

Cristy and her husband James have traveled extensively through Russia, China and South East Asia, and have two fur-babies, Sooty (cat) and Panda (puppy). Cristy loves drinking coffee, meeting people to drink coffee, coffee tasting and coffee flavoured cocktails. She also enjoys road trips, TED Talks and watching cat videos on youtube.