{"id":501,"date":"2022-02-14T23:18:25","date_gmt":"2022-02-14T23:18:25","guid":{"rendered":"https:\/\/www.firstclassaccounts.com\/wanneroo\/?p=501"},"modified":"2022-02-14T23:18:25","modified_gmt":"2022-02-14T23:18:25","slug":"covid-rat-tests","status":"publish","type":"post","link":"https:\/\/www.firstclassaccounts.com\/wanneroo\/2022\/02\/14\/covid-rat-tests\/","title":{"rendered":"Two things business should know now that RATs are FBT exempt"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=psa&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#PSA<\/a>&nbsp;There has been a change in legislation surrounding fringe benefit tax (<a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=fbt&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#FBT<\/a>) and the costs of rapid antigen tests (<a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=rats&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#RATs<\/a>) so make sure you are up to speed on the changes as we all adjust to&nbsp;<a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=covidnormal&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#CovidNormal<\/a>.<\/p>\n\n\n\n<p>In a nutshell: Australians can claim rapid antigen tests (RATs) when they do their&nbsp;<a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=tax&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#tax<\/a>, and businesses will be excused from the fringe benefits tax (FBT) as the COVID-19 tests. Additionally business\u2019 FBT liability would be decreased by $20 for a dual-pack of RATs, while a person on more than $45,000 would receive around $6.50 back in tax for a two-pack of RATs worth around $20.<\/p>\n\n\n\n<p>How will this affect your\u00a0<a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=business&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#business<\/a>? Is there more the government can do to help with this?<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Read Full Article <strong><a href=\"https:\/\/www.smartcompany.com.au\/coronavirus\/business-should-know-rats-fbt-exempt\/\">HERE<\/a><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=smallbusiness&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#SmallBusiness<\/a><a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=business&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#Business<\/a><a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=sme&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#SME<\/a><a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=taxreturn&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#TaxReturn<\/a><a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=expense&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6898891051751354368\">#Expense<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>#PSA&nbsp;There has been a change in legislation surrounding fringe benefit tax (#FBT) and the costs of rapid antigen tests (#RATs)&#8230;<\/p>\n","protected":false},"author":252,"featured_media":498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Two things business should know now that RATs 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