Recent Federal Budget announcements will affect the fringe benefits tax (FBT) concession available to employees of not-for-profit entities (NFPs). With the FBT rate increasing to 47% from 1 April 2014 and 49% from 1 April 2015, the Treasurer announced that the $30,000 cap for concessionally taxed benefits will also increase to $31,177 from 1 April … Continue reading Not-for-profits and Salary Packaging | Pay-rises for staff, at no cost to the Employer