FBT Solutions

02 8079 2924

Payment Summary


2013 FBT & Salary Packaging Essentials Seminars: Wednesday 9 October in Melbourne & Wednesday 16 October in Sydney – register online at:      http://tinyurl.com/ahzgehb



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!


ATO Get Serious on FBT

Current & Planned Audit activity

1.5,000 PAYG audits
2.400 audits – 34% outside FBT system
3.10,000 education letters – 3% registering for first time
4.Encourage voluntary disclosure
5.Tax agent focus

The future:

1.Cars 62% of revenue – increased data matching
2.FBT education with registration / glove box
3.A new form of FBT audit: Short & Sharp
4.Apply penalties more firmly
5.Falsified logbooks
6.LAFHA audits 12 months away

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).