Fringe Benefits Tax

31 March is the FBT Year End and now is the time to start getting your records in order, so that we can prepare your FBT return and provide any calculations for contributions for private use of benefits.  We will be contacting all business clients towards the end of March with detailed checklists and working with our clients to ensure their FBT issues are addressed.  FBT relates to any non-cash benefit provided to employees and their associates, including cars, novated lease cars, living away from home allowances, relocation costs, entertainment, commercial vehicles garaged at home, goods taken for private use and various other fringe benefits. 

Consider particularly when relocating employees, buying cars or providing remote housing as to how you can best optimise salary packaging for employees.  Contact us.