Are You Leaving Money on the Table?
Welcome to The River!
Optimising meal entertainment Fringe Benefits Tax (FBT) calculations empowers businesses to save money, make better policy decisions, and improve spend management practices. In this webinar sponsored by Chrome River and FBT Solutions, our speakers provide an update on the essential FBT rules for Meals and Entertainment. Questions we address include:
- When does a meal constitute entertainment and when is a light meal considered sustenance?
- When is a meal deductible and what is the reasonable level for meal cost or per head costs?
- How does the Australian Taxation Office (ATO) view the distinction between sustenance and entertainment on meals?
- How can employee expense processes be re-engineered to meet tax reporting requirements?
Enjoy this recorded discussion and watch a demonstration for capturing key FBT data required for expense reporting purposes. Viewers walk away with a list of the top FBT changes and a game plan for streamlining employee expense management processes to reduce FBT liability.
Be sure to share this webinar recording with your colleagues to dive into your wish list for modern expense management. The only thing you'll have to say after viewing the webinar is - Take me to The River!
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.