Living away from home allowance

Living Away From Home Allowances on ATO Radar

October 2011

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...

The Facts – Living Away From Home Allowance (LAFHA)

October 2010

[youtube QbVUDV9ZFtw] 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...

Computing the Value of LAFHA (Living Away From Home Allowance)

August 2010

Watch the following video and learn about calculating the value of LAFHA: [youtube eBZtaVl9Mqg] 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...

Tax Treatment of Living Away From Home Allowance (LAFHA)

August 2010

Watch this video to learn about the living away from home allowance and tax: [youtube V3YY83BuQ9c] 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...

Testimonial – Living Away From Home Allowance (LAFHA)

August 2010

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.RegardsDave Brown

Salary packaging

August 2010

Salary packaging is an effective way to optimise ones tax positionPackaging allows employees to change the structure of there remuneration package and take non cash benefits in lieu of salaryThe most common packaging items are:Cars Living Away From Home Allowances Relocation expenses Laptops Additional...

Fringe Benefits

August 2010

Annual fringe benefit tax returns are required to be lodged by all employers who provide "fringe benefits" to employees.The fringe benefits year runs from 1 April - 31 MarchFringe benefits tax is payable by the employerPopular fringe benefits are:Car benefits Entertainment Loan benefitsSpecific...

Living Away From Home Allowance

May 2009

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),...

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