Fringe Benefits Tax (FBT) hot spots

By | Business, Compliance, FBT | No Comments

FBT updates and problem areas Car parking under scrutiny Motor vehicle problem areas Mismatched FBT and income tax amounts Mismatched information for entertainment claimed as a deduction and what is reported for FBT purposes Business assets personally used by owners and staff Not lodging FBT returns Salary sacrifice problem areas Did you provide assistance to employees during a crisis? Housekeeping essentials Important FBT issues Car parking under scrutiny Important impending changes A controversial draft ruling from the ATO could expand the scope of the FBT…

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Electronic devices - FBT Exempt

FBT: What’s new for 2017?

By | Business, Compliance, FBT, Tax Planning | No Comments

Its coming up to that time of year again, the end of the Fringe Benefits Tax (FBT) year. It may be the least exciting of the of our ‘New Years’ that we celebrate, but lets have a look at whats new this FBT Year. The Rate The biggest impact to FBT, which carries over from the previous FBT year, is the continued application of a 49% rate. This is due to revert to 47% on April 1, 2017 (therefore applying for the 2017-18 FBT year…

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