FBT Solutions

02 8079 2924

FBT Return Outsource

Save time, money and reduce risk by outsourcing the preparation of your Fringe Benefits Tax return

We do everything for you except pay the ATO!

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fbt-outsourcing Outsourcing = Significant Savings for you!


Your current annual FBT compliance cost

  1. Day to day compliance cost
  2. Reporting costs
  3. External Review and Lodgment
  4. FBT Software costs
  5. Training time & costs
  6. Internal costs (People costs + Equipment costs + Occupancy costs)

We estimate you’ll save up to 70% by outsourcing

Your costs without Outsourcing

(100%)


Your savings from Outsourcing

(up to 70%)


Your costs with Outsourcing

(30%)



Here are examples of what our clients save by outsourcing:


Single Return

  • Indicative FBT Return Compliance Costs - internal preparation

  • $15,000.00
    – FBT Return Preparation Internal Costs (Salary costs + On-costs + Equipment costs + Occupancy costs)

    $5,000.00
    – External Review and Lodgement (Big 4 / second tier)

    $1,500.00
    – Day to day compliance internal cost

    $2,000.00
    – Adhoc external advice

    $1,000.00
    – Reporting costs

    $500.00
    – FBT Software costs

    $1,500.00
    – Training time & cost

$26,500.00 – Indicative total annual internal FBT Compliance cost

$7,500.00 – Indicative Annual Outsource Fee (Capped)


$19,000.00 – Indicative Total Savings

3 – 5 Returns

  • Indicative FBT Return Compliance Costs - internal preparation

  • $30,000.00
    – FBT Return Preparation Internal Costs (Salary costs + On-costs + Equipment costs + Occupancy costs)

    $12,000.00
    – External Review and Lodgement (Big 4 / second tier)

    $2,500.00
    – Day to day compliance internal cost

    $4,000.00
    – Adhoc external advice

    $2,000.00
    – Reporting costs

    $1,500.00
    – FBT Software costs

    $2,500.00
    – Training time & cost

$54,500.00 – Indicative total annual internal FBT Compliance cost

$15,000.00 – Indicative Annual Outsource Fee (Capped)


$39,500.00 – Indicative Total Savings

5 – 10 Returns

  • Indicative FBT Return Compliance Costs - internal preparation

  • $50,000.00
    – FBT Return Preparation Internal Costs (Salary costs + On-costs + Equipment costs + Occupancy costs)

    $25,000.00
    – External Review and Lodgement (Big 4 / second tier)

    $5,000.00
    – Day to day compliance internal cost

    $7,000.00
    – Adhoc external advice

    $3,000.00
    – Reporting costs

    $2,500.00
    – FBT Software costs

    $3,500.00
    – Training time & cost

$96,000.00 – Indicative total annual internal FBT Compliance cost

$27,500.00 – Indicative Annual Outsource Fee (Capped)


$68,500.00 – Indicative Total Savings


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Sign up for three years and you will save a further 20%

Contact us about outsourcing your 2017, 2018 and 2019 FBT returns, and you will save a further 20% on your annual FBT outsource fee!

Find Out More

fbt-solutions-payroll-obligations-icon What we give you


  • A fully outsourced FBT Return solution
  • Preparation, review, lodgement and reporting, all rolled in to one outsource agreement
  • Freedom to focus on your core business tasks
  • By outsourcing you eliminate the once-a-year approach to FBT compliance
  • An ATO approved approach and confidence that any material issues giving rise to tax saving opportunities or exposures will be uncovered
  • Minimal effort and interruption of your business and staff
  • Over 30 years’ Australian experience preparing, reviewing and lodging FBT returns, including 20 years combined Big 4 experience
  • By outsourcing, we estimate you’ll save up to 80% of your current costs
  • Day to day query service gives you all year round access to our FBT technical experts
  • We offer a fixed capped annual fee – no hidden extras
  • Secure client portal
  • A dedicated email address: clientname@fbtreturn.com.au


No job is too big or too small

FBT Outsourcing can be done on a periodic or annual basis – below are our suggested Outsource options:

Bi-monthly – Large Return/Group size:

Outsource Options – Apr/May, Jun/Jul, Aug/Sept, Oct/Nov, Dec/Jan, Feb/Mar

Quarterly – Large to Medium Return/Group size:

Outsource Options – Apr/Jun, Jul/Sept, Oct/Dec, Jan/Mar

4 Monthly – Medium Return/Group size:

Outsource Options – Apr/Jul, Aug/Nov, Dec/Mar

6 Monthly – Medium to Small Return/Group size:

Outsource Options – Apr/Sept, Oct/Mar

Annual – Small Return/Group size:

Outsource Options – Apr/Mar


fbt-return-process FBT Return Outsource Process


1. Getting to know your FBT Return and your business

  • Review of prior year FBT return and workpapers
  • Review of GL structure, employee expense process and procedures & policies
  • Planning and documentation
  • Documented mapping process
  • Designated email address
  • Regular status checks
  • Agreed timetable
  • Agreed deliverables and format
  • Stakeholder buy in

Our aim is to understand your business and the benefits provided to your employee


2. Preparing your FBT Return

  • Meetings with all relevant stakeholders regarding the provision of FBT related data
  • Full work-paper preparation
  • Detailed GL review
  • Expense analysis review
  • Fleet FBT report review
  • Identify and sourcing individual employee declarations and review thereof
  • Consideration of alternate methodologies
  • Claiming exemptions, reductions, concessions
  • Managing key mobility & relocation time limits – temporary accommodation, home sale & purchase, 12 month LAFH rule
  • Cars – SFM, OCM, cents per KM, exemption and hire cars
  • Managing Logbook and Car Parking register time limits
  • Car Parking – identification and valuation
  • Preparation of all employer declarations and elections


3. Review, Lodgement and Reporting

  • ATO FBT lodgement extension (if required)
  • FBT return lodgement
  • Entity level reporting
  • Cost Centre reporting
  • Employee Reportable Summary reporting
  • Payroll Tax reporting
  • Work Cover premium reporting
  • Entertainment adjustments for GST & Income Tax
  • Excess contribution reports
  • Remuneration reporting
  • Comparative analysis
  • Process improvement recommendations
  • Customised reporting as needed

Our approach is to support clients all year round, not just at the FBT reporting time


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).