Staff Matters
March 4, 2016 - Issue 44 Week 36
Time To Claim, FBT Has Come Around Again In this Issue Page 1 •Time To Claim, FBT Has Come Around Again
Page 2 The Fringe Benefits Tax (FBT) year is ending on 31 March 2016 which means it’s time to get all your claims in. For any staff who still need to lodge manual claims through Maxxia for Meals & Entertainment, please be advised to claim those before 8th March to make sure you’re making the most of your workplace benefits. All those who have meal card spending funds left make sure to use before 29th March. If any staff wish to claim Portable Electronic Devices please claim before 8th March through the Afford Payroll. Salary Packaging of Portable Electronic Devices is available to all employees of Afford, enabling you to purchase devices with pre-tax income, therefore not paying tax on that portion of your income. In addition, you are also not required to pay GST on the device, saving an extra 10%. What is a portable Electronic Device? – Generally it is a mobile phone, iPad or laptop computer. How does it work? – You go out and buy the device, and as long as it complies with the policy requirements, you can then complete the claim form, have it authorised and then be reimbursed from pre-tax income. Why are we doing this? – As an employer of choice, we want to provide tax benefits to our employees to the extent possible under tax legislation. Note you will no longer be able to claim Portable Electronic Devices via Maxxia. Where to start - Procedure and Form are available on the Intranet at http:// intranet/documents/Human%20Resources/Forms/AllItems.aspx
T 02 8805 3700 E info@afford.com.au 12 Marieanne Place, Minchinbury 2770 afford.com.au
• Staff Profile • NDIS Your Questions Answered • Friday Night Disco Delight
Page 3 • Congratulations To Our New Permanent Staff Members •Meet Our New Staff Members
Page 4 • Come And Boogie At Our Easter Egg-Travaganza Disco! • Afford Selfies • Have A Laugh
Fun Fact
Fingers prune underwater not because of them absorbing the water or washing away the oil, but because of an evolutionary trait caused by the brain to enhance the grip of your fingers underwater.