Is Your Business Vehicle Creating an FBT Obligation?
A quick reminder—if your business owns a vehicle and it’s also used for personal trips (even occasionally), you may need to be registered for Fringe Benefits Tax (FBT). […]
Fringe Benefits Tax
FBT Year-End is Here! Are you ready?
With the Fringe Benefits Tax (FBT) year ending on 31 March, now is the ideal time to review any benefits provided to employees over the past 12 months. […]
Start Organising Your Records!
The 2024 Fringe Benefits Tax (FBT) year ends on 31 March 2024. (Really?) Yes! The FBT year runs from April to March (unlike the Australian financial year which runs from….
Is It Food And Drinks Or Entertainment?
Are you claiming legitimate deductible food and drink expenses or are you providing non-deductible entertainment? Unsure? Read on…
Look Out Taxpayers!!!
As the financial year end approaches, it’s important you are well-aware of the ATO’s key focus areas this financial year. Understanding these key areas….
Fringe Benefits Tax Time Is Coming
As we say goodbye to summer and welcome some cooler weather, tax time is heating up as we near the end of the Fringe Benefits Tax (FBT) year.
Fringe Benefit Tax (FBT) on Zero or Low Emissions Cars
Good news! From 1 July 2022 employers do not pay FBT on eligible electric cars and associated car expenses. Benefits provided under a salary packaging arrangement….