Fringe Benefits Tax

There are many simple strategies to help minimise FBT. Planning in this area usually yields significant benefits. Compliance for FBT is also generally a nightmare for small business as it is a widely misunderstood tax. Allow us to assist in preparing your FBT returns to ensure you only pay what you have to.

• Compliance/Records Review: We will conduct a thorough review of your records to identify all fringe benefits provided to employees and to ensure that all relevant information is being retained and captured to fulfil your FBT reporting obligations.
• Employee Declaration: We will identify all required declarations and ensure that declarations are being prepared in the required format and are obtained by the due date of the return.
• Return Preparation: We will prepare your Fringe Benefits Tax return accurately in accordance with FBT reporting obligations and ensure that the return is lodged on a timely basis.
• Reportable Fringe Benefits: We will ensure that, where applicable, employers have included the grossed-up amount of reportable fringe benefits on the annual payment summaries of their employees. If required we will also provide assistance in the calculation of these reportable fringe benefits.