FBT Solutions

02 8079 2924

FBT Returns 2012

From the ATO website

This information explains when the use of certain motor vehicles is exempt from fringe benefits tax (FBT), and lists vehicles that may qualify for the exemption. The list is not exhaustive.

Vehicles are listed by year of the first manufacture of each model, with that listed model continuing to be a vehicle that may qualify for exemption in subsequent years.

http://www.ato.gov.au/businesses/content.aspx?doc=/content/00167339.htm

 

 


Fringe benefits tax (FBT) – the year ahead (from the ATO website)

Over the coming year, we’ll be focusing on the failure of some micro and small-to-medium employers to recognise and comply with their fringe benefits tax (FBT) obligations.  We are particularly concerned that these employers are not registering for FBT and lodging FBT returns when they should.  We’re conducting data-matching activities to identify businesses operating outside the FBT system.

Don’t forget to consider the FBT implications when you provide non-cash benefits, such as motor vehicles, to your employees. If you use employee contributions to reduce your FBT liability, make sure you include these at the correct label on your tax return.

We will provide help and support, particularly to employers that have recently started a business, to make sure they understand their FBT obligations.  We will offer concessional treatment to those employers that disclose details of FBT non-compliance before we contact them. But we’ll be taking firmer action in cases where employers are deliberately avoiding their FBT obligations.


Car Parking FBT Rates Order Form – click here: http://tinyurl.com/cusxsf6

– We’ll beat any written quote by 20%!!!

(All orders will be delivered within 5 business days of receipt of order)

Our pricing* is based on numbers of locations:

Numbers of car parking locations

Price per location excluding GST

Price per location including GST

1-5

$400

$440

6-20

$350

$385

20-50

$300

$330

50+

$280

$308

If you would like t0 order, click here: http://tinyurl.com/cusxsf6 or if you have a query, please email us on info@fbtsolutions or call us on 02 8079 2924


www.fbtsurvival.com.au

We are proud to announce that www.fbtsurvival.com.au  is live and available to you!

The site contains key FBT documents, past training materials, checklists, LAFHA food rates and key ATO source materials

 


What is the total cost of a $1,100 taxable fringe benefit?

1.  FBT – $1,056
2.  Payroll Tax – $113 (average)
3.  Workers Compensation – $103 (estimate)
4.  Benefit acquisition (less GST) – $1,000

Total cost = $2,272 = no good for salary packaging!


Would you like to know how affordable FBT Outsourcing is?

Please complete the form

TO FIND OUT

How many employing entities do you have in Australia? (i.e. how many Australian FBT returns do you lodge?)

Are your FBT returns reviewed externally prior to lodgement?

Do you currently use FBT software to prepare your FBT return/s?

How many employing entities do you have in New Zealand? (i.e. how many New Zealand FBT returns do you lodge?)

GREAT!

We will send you a fee estimate via email (within 72 hours).