CALL US: (07) 3367 0999 | EMAIL US:

How to deal with negative people, positively

We have all encountered an individual who – despite everything positive around them – insists on focusing on the negative. These people can make day to day life more stressful than it needs to be, particularly if it is in the workplace.

Luckily, there are many strategies you can employ to avoid getting bogged down by these people:

Active listening
Most people who are exhibiting negative or irrational behaviour feel they have been done wrong by. Once they feel their emotions have been acknowledged, they can move past complaining and onto problem-solving. Listen to what they are saying, repeat back to them what they have told you and ask them questions about how to move forward.

Deal in facts, not emotions
Negative people are often very emotive. They focus on how a situation makes them feel and consider how a situation affects them personally. Avoid engaging in emotion-based interactions in the workplace; always come back to the facts.

Do not take it personally
Everyone has a personal life, and everyone responds to situations differently. If you have not done anything to warrant an unkind interaction with a co-worker or client, chances are their negativity does not have anything to do with you.

Sleep
Never underestimate the power of a good night’s sleep; it helps with productivity and dealing with stress. It can mean the difference between falling into a negative interaction in the workplace or brushing it off.

Distance and disengage
If you are continually dealing with a difficult coworker or client, it can begin to wear you down. If this is the case, creating distance and limiting interactions with them is necessary to maintain your productivity. Allocate time in your week to deal with them where needed and avoid interactions outside of this designated time.

Business
advice

taxation
planning

compliance
services

News

Understanding Fringe Benefits Tax (FBT) And What It Covers

April 15, 2024

For businesses in Australia, providing fringe benefits to employees can be a valuable way to attract and retain talent, as well as incentivise performance.

However, employers need to understand their obligations regarding Fringe Benefits Tax (FBT). The Australian Taxation Office (ATO) administers FBT, a tax on certain non-cash benefits provided to employees in connection with their employment.

Let’s explore the types of fringe benefits subject to FBT to help businesses navigate this complex area of taxation.

  1. Car Fringe Benefits

One common type of fringe benefit is the provision of a car for the private use of employees. This includes company cars, cars leased by the employer, or even reimbursing employees for the costs of using their own cars for work-related travel.

  1. Housing Fringe Benefits

Employers may provide housing or accommodation to employees as part of their employment package. This can include providing rent-free or discounted accommodation, paying for utilities or maintenance, or providing housing allowances.

  1. Expense Payment Fringe Benefits

Expense payment fringe benefits arise when an employer reimburses or pays for expenses incurred by an employee, such as entertainment expenses, travel expenses, or professional association fees.

  1. Loan Fringe Benefits

If an employer provides loans to employees at low or no interest rates, the difference between the interest rate charged and the official rate set by the ATO may be considered a fringe benefit and subject to FBT.

  1. Property Fringe Benefits

Providing employees with property, such as goods or assets, can also result in fringe benefits. This can include items such as computers, phones, or other equipment provided for personal use.

  1. Living Away From Home Allowance (LAFHA)

When employers provide allowances to employees who need to live away from their usual residence for work purposes, such as for temporary work assignments or relocations, these allowances may be subject to FBT.

  1. Entertainment Fringe Benefits

Entertainment fringe benefits arise when employers provide entertainment or recreation to employees or their associates. This can include meals, tickets to events, holidays, or other leisure activities.

  1. Residual Fringe Benefits

Residual fringe benefits encompass any employee benefits that do not fall into one of the categories outlined above. This can include many miscellaneous benefits, such as gym memberships, childcare assistance, or gift vouchers.

Compliance With FBT Obligations

Employers must understand their FBT obligations and ensure compliance with relevant legislation and regulations. This includes accurately identifying and valuing fringe benefits, keeping detailed records, lodging FBT returns on time, and paying any FBT liability by the due date.

Fringe Benefits Tax (FBT) is an essential consideration for businesses that provide non-cash benefits to employees.

By understanding the types of fringe benefits subject to FBT, employers can ensure compliance with tax obligations and avoid potential penalties or liabilities.

Seeking professional advice from tax experts or consultants can also help businesses navigate the complexities of FBT and develop strategies to minimise tax exposure while maximising the value of employee benefits. Why not start a conversation with one of our trusted tax advisers today?