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Salary Packaging

Employers  Employees
1800 FBT SALPAC (1800 328 725)

FBT Services

We have a number of solutions to assist you in meeting your annual FBT compliance obligations.


FBT is a complex tax with return preparation being time-consuming and requiring a high level of detailed analysis. We provide a range of FBT related services to help reduce the compliance burden for our clients. Please feel free to contact us for further
information.

FBT issues on the ATO radar

If you’re an employer, it pays to know what the ATO are looking out for and benefits you need to report so you can avoid making costly mistakes. In this year’s updated list of ‘What attracts ATO attention’, there are six items that specifically relate to fringe benefits tax (FBT).

These items are:

Being mindful of these FBT matters will help your business to stay off the ATO FBT radar and stay on track with your obligations.

Key areas to consider when managing FBT

What are your 2019 / 2020 New Years FBT resolutions? (maybe you don’t have any 🙂 yet)

Here’s 10 New Years FBT resolutions that may resonate or get you thinking:

1. Develop fringe benefit policies, rewrite or update existing fringe benefit policies

2. Plan to prepare the 2020 FBT return more effectively and efficiently

3. Get some FBT Software

4. Attend FBT training or run a FBT training session in-house

5. Implement a new employee expense process

6. Restructure the chart of accounts

7. Transition valuing entertainment from 50/50 to actual method

8. Introduce, broaden or enhance your Salary Packaging offering

9. Assess liability to FBT on car parking?

10. Follow up employee’s to submit their manual car logbooks or introduce GPS technology



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