The Australian Taxation Office (“ATO”) is increasing their audit activities in relation to Living Away From Home allowance (“LAFHA”) benefits provided to employees. This article sets out the requirements of a LAFHA and the documentation that should be maintained to support LAFHA benefits. What is a LAFHA? A LAFHA benefit arises where an employer pays [...]
Browsing Posts in LAFHA
The massive benefits available to employees who are eligible for the Living Away From Home Allowance (LAFHA) continues unabated! We continue to provide ongoing advice to clients and potential clients in this area. This short article sets out a few interesting facts relating to LAFHA which every temporary employee should consider: LAFHA Period Legally there [...]
Watch the following video and learn about calculating the value of LAFHA: A business structure or entity is allowed to pay a living away from home allowance (LAFHA) to an employee who is living away from home as part of their work duties. This allowance is not treated as income under the PAYG scheme but will be subject to [...]
Watch this video to learn about the living away from home allowance and tax: In addition to the salary you can receive as an employee, you may also be entitled to a living away from home allowance (LAFHA) which is used to compensate for the additional expenses and any disadvantage that you may suffer while assigned elsewhere [...]
Testimonial – Living Away From Home Allowance (LAFHA)
August 13, 2010
SMEBA
I would like to thank SME for the effective and friendly way that they dealt with me in salary packaging LAFHA. I will keep you posted on progress and look forward to dealing with you next year when you update the package. Regards Dave Brown Technorati Tags: lafha, living away from home, Living away from [...]
These concessions recognize that if an employee is required to live away from their usual place of residence, they will incur additional expenses which are fundamentally private or domestic in nature. The law permits employers to pay a tax free benefit, known as Living Away From Home Allowance (LAFHA), to cover these additional expenses. A [...]